MSP calculations will not include imputed land rent, says Arun Jaitley

Finance minister Arun Jaitley on Friday put to rest all speculation about the cost of farm produce, on which the minimum support price (MSP) will be based and will exceed the cost by 50 per cent.
 
The cost will include all paid expenses plus imputed value of family labour (FL), but not imputed land rent.
 
“My understanding is that this (MSP calculation) will be over A2+FL cost of production,” Jaitley said in his reply during the debate on Budget 2018-19 in the Rajya Sabha.
 
Broadly, A2+FL is cost plus own labour, while comprehensive cost (C2) includes all