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MSP For Rabi Crops 2019-20 Hiked

msp for rabi crops 2019-20,msp 2019-20,msp of wheat 2019-20,msp for rabi crops 2019-20,msp 2019-20 pdf,minimum support price 2019-20,

The Cabinet Committee on Economic Affairs (CCEA) decided to increase to the minimum support price for winter crops for the forthcoming rabi marketing season (2020-21) and the floor price of wheat, the major rabi crop, went up by 4.6 per cent to Rs 1925 a quintal from Rs 1840 in the previous season.

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The highest increase in MSP witnessed by lentil (masur) whose floor price saw a 7.3 per cent increase to Rs 4800 a quintal as compared to last year, according to an official statement. This was followed by barley whose MSP went by 5.9 per cent to Rs 1525 a quintal as compared to the last season. The government said the increase in MSP for rabi crops was in line with the principle of fixing MSPs at a level of at least 1.5 times of the all India weighted average cost of production. Wheat farmers, for instance, would 109 per cent the production cost, it claimed.

The floor price for mustard and rapeseed was increased by Rs 225 per quintal to Rs 4425, while that of gram went up by 5.5 per cent to Rs 4875 a quintal over the previous season. A similar increase was also witnessed by safflower whose floor price rose to Rs 5215 from Rs 4945 a quintal in 2018-19.

Sl. No.
Crops
Cost of production RMS 2020-21
MSP for RMS 2019-20
MSP for RMS 2020-21
Absolute increase in MSP
Return over cost (in percent)
1
Wheat
923
1840
1925
85
109
2
Barley
919
1440
1525
85
66
3
Gram
2801
4620
4875
255
74
4
Lentil
2727
4475
4800
325
76
5
Rapeseed & Mustard
2323
4200
4425
225
90
6
Safflower
3470
4975
5215
270
50
Benefits and Major Impact:
The increase in MSP for Rabi Crops for RMS 2020-21 is in line with the principle of fixing the MSPs at a level of at least 1.5 times of the all India weighted average cost of production (CoP), which was announced in the Union Budget 2018-19.

This MSP policy whereby the farmers are assured of a minimum of 50 percent as margin of profit is one of the important and progressive steps towards doubling farmers' income by 2022 and improving their welfare substantively.

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For the Rabi crops of RMS 2020-21, the highest increase in MSP has been recommended for lentil (Rs. 325 per quintal) followed by safflower (Rs. 270 per quintal) and gram (Rs. 255 per quintal) which is a major step towards increasing the income of farmers.

The MSP of Rapeseed & Mustard has been increased by Rs. 225 per quintal. For both wheat and barley, the MSP has been increased by Rs. 85 per quintal. Wheat farmers will hence get a return over cost of 109 percent (refer table below).

Cost of production is one of the important factors in the determination of MSPs. This year's increase in MSP of Rabi crops for RMS 2020-21 provides higher than 50 per cent return (except safflower) over all India weighted average cost of production. The return over all India weighted average cost of production is 109 per cent for wheat; 66 per cent for barley; 74 per cent for gram: 76 per cent for lentil; 90% for rapeseed & mustard and 50 per cent for safflower.

In the case of cereals, FCI and other designated State agencies would continue to provide price support to the farmers. State Governments will undertake procurement of coarse grains with the prior approval of Government and would distribute the entire procured quantity under NFSA. The subsidy will be provided only for the quantity issued under NFSA. NAFED, SFAC and other designated Central agencies would continue to undertake procurement of pulses and oilseeds. The losses, if any incurred by the nodal agencies in such operations may be fully reimbursed by the Government as per the guidelines.

With the intention of giving enough policy thrust to income security of the farmers, Government's focus has shifted from production-centric approach to income-centric one. Enhancing the coverage of Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) to all farmers in its first Union Cabinet meeting on 31st May 2019, is another major step in boosting the income of the farmers. The PM-KISAN Yojana was announced in the interim Budget for the year 2019-2020, where the small and marginal landholder farmer families with cultivable land holding upto 2 hectare across the country were assured of Rs 6000 per year.


Download Official PDF - MSP For Rabi 2019

Also Download

MSP For Kharif 2019

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