Ep 7 - Introduction to MSP

https://is1-ssl.mzstatic.com/image/thumb/Podcasts112/v4/7d/7a/25/7d7a2522-4148-95e4-81f5-ae0a0a6ba370/mza_13063623164474859302.jpg/600x600bb.jpg

DataSpot

DataSpot by IndiaDataHub

16 episodes

1 day ago

In the DataSpot podcast, we try to demystify economic data or indicators for you. We will attempt to answer the practicalities of various economic indicators and concepts rather than their theory. We will try and answer questions like, how is a particular indicator calculated or constructed. What are the important assumptions made in calculating that data? And what is its practical relevance? So, the next time you hear about certain data, you appreciate the nuances and limitations of the data rather than be dismissive of it.

Business

RSS

All content for DataSpot is the property of DataSpot by IndiaDataHub and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Business

https://d3t3ozftmdmh3i.cloudfront.net/production/podcast_uploaded_nologo/29893878/29893878-1666450905364-1696da46dae38.jpg

Ep 7 - Introduction to MSP

DataSpot

19 minutes 34 seconds

2 years ago

Ep 7 - Introduction to MSP

MSP - Minimum Support Price, is a tool used by the government to protect farmers from falling prices of commodities. In this episode, we discuss what is the nature of agricultural business, what is the role of MSP, how MSP is calculated for different crops and whether MSP procurement has been successful or not. It is important to understand the nitty-gritties of this mechanism to analyse the overall farming system in the country.

Sources and Further References:

MSP, Wikipedia

MSP, Civilsdaily

Report of the Committee on Doubling Farmers’ Income

Evaluation Study On Efficacy of Minimum Support Prices (MSP) on Farmers, NITI Aayog

Impact Of Minimum Support Prices On Agricultural Economy, ISEC

All about MSP and the demand for a legal backing

Cabinet approval of MSP for Rabi Marketing Season 2023-24

Cost Concepts

Manual on Cost of Cultivation Surveys

Dept of Food & Public Distribution, Annual Report FY22

Revised MSPs still about 47% lower for most of the 14 crops under scheme: Report - The Economic Times