Wednesday, 22 August 2012

Aims of Government's Agricultural Price Policy

Government’s price policy for agricultural produce seeks to: 
  1. ensure remunerative prices to growers for their produce with a view to 
  2. encouraging higher investment and production and 
  3. safeguarding the interests of consumers by making available food supplies at reasonable prices. 
  4. seeks to evolve a balanced and integrated price structure in keeping with the overall needs of the economy. 
To achieve this end, the government announces minimum support prices (MSPs) for major agricultural commodities each season and organizes purchase operations through the Food Corporation of India, and cooperative and other agencies designated by state governments.

Also read: Agriculture Produce Marketing Committee

Source: The Economic Survey 2012

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