Farmer fair price and farm produce MRPs: New way forward?

Price crashes attributed to higher production unlikely to lead to any significant increase in demand

Ravishankar Natarajan 

Ravishankar Natarajan The management of prices of agricultural produce securing the interests of the producers and the consumers has been through minimum support price (MSP) limited to key staple crops, and tweaking import/export prices/permits. In the absence of a price safety net for non-MSP crops, farmers flood markets on harvest, resulting in a price crash, specifically when rumours of excess production circulate. Even in MSP crops, the operations are not satisfactory, which is another story not dealt herein, but solutions offered may still be valid for MSP crops as well. Every manufacturer has the right to ...

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