Government Introduces Minimum Support Price Directive for Agricultural Produce
Summary
The government has issued a directive to set minimum support and purchase prices for major food grains and industrial crops to ensure farmers receive fair prices and stabilize market fluctuations.
Key Points
- The government has introduced a directive to determine minimum support and purchase prices for major food grains and industrial crops before planting or harvesting.
- The directive aims to stabilize market price fluctuations and protect farmers from risks by ensuring minimum profit.
- Special provisions for sugarcane farmers include setting purchase prices based on recovery rates and resolving disputes between farmers and sugar mills.
- Provincial and local governments are empowered to determine and implement prices according to local needs, with a schedule set for price determinations.
- The government has outlined a detailed timeline for surveying and setting prices for crops such as sugarcane, wheat, paddy, maize, and millet.
