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msp: Proposed changes in MP’s MSP program to promote legumes

Changes to Madhya Pradesh’s Minimum Support Price (MSP) scheme have been recommended by an autonomous body under the state government. The changes were made by the Atal Bihari Vajpayee Institute of Good Governance And Policy Analysis with the aim of encouraging legume production in the state.

This institute is an autonomous entity registered with the Public Service Management Department of the Government of Madhya Pradesh. These suggestions were made in the Madhya Pradesh Sushashan and Development Report 2022.

“The federal and state governments must reconsider the existing MSP procurement policy in its current form. Farmers must be given more incentives to grow legumes, oilseeds and other high-value crops to encourage diversification and encourage farmers to switch from water-intensive crops such as rice and wheat to other sustainable and profitable crops where MP has a competitive advantage.” , the report recommended.

“Despite the growing demand for oilseeds in the country and MP’s competitive advantage for these crops, particularly soybeans, canola and mustard, the oilseeds acreage shows no significant change… Wheat acreage has increased by about 9 percent in the last five years, and in the During the same period, the area under legumes has fallen from 28% to 15%. The area under rice has also increased from 9 to 12 percent of GCA in five years,” the report said.

“The biggest change has been for the area under Chana, which has declined by more than 40%. The reasons for this change can be attributed to the government’s access to secure water supply, affordable electricity, low-cost credit, and procurement at minimal support prices,” she added.

Proposing far-reaching reforms in the agricultural sector, the report said: “There is a need to re-evaluate the different forms of agricultural sector subsidies and to restructure input subsidies as there needs to be a direct transfer of benefits to farmers. ”

“The cost of sourcing agricultural products at minimum support prices is fast becoming a significant expense item in government budgets, prompting the need to rethink strategies for getting farmers a fair price for their produce,” the report added.

https://economictimes.indiatimes.com/news/economy/agriculture/changes-suggested-in-mps-msp-programme-to-promote-pulses/articleshow/90643743.cms msp: Proposed changes in MP’s MSP program to promote legumes

Russell Falcon

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