As thousands of farmers demand legalising the minimum support price regime and the Centre reiterates its offer for talks, Sanjeeb Mukherjee asks two of the country’s leading agricultural economists about the pros and cons
Do you think a legal guarantee for minimum support price (MSP) is possible?
Do you think a legal guarantee for minimum support price (MSP) is possible?
C S C Sekhar: Legal guarantee to MSP is not impossible, but a very difficult and an inefficient solution. First, it is fiscally very expensive. Second, it is almost certain to lead to a large supply-demand mismatch, leading to a huge build-up of stocks in the short run. Third, it is logistically