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Governement Increases Support Price For Farmers

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  • Governement Increases Support Price For Farmers

    Prices of pulses are rising government has decided raised the support price of lentil and gram for farmers so that they can grow more pulses. The MSP of wheat, the main rabi crop, has been increased by Rs 75 to Rs 1,525 a quintal for the 2015-16 rabi season, while that of oilseeds has been increased by Rs 250 a quintal.

  • #2
    The cabinet increased the minimum support price (MSP) of wheat to Rs.1,525 per quintal, or a hike of Rs.75 per quintal. One quintal is equal to 100kg. The 5.2% hike in MSP is higher than the 3.6% announced in 2014 and 3.7% in 2013. MSP is the price at which the federal government buys foodgrains from farmers that are then sold at subsidized rates through the public distribution system.
    It’s better to give than to receive. Especially advice

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    • #3
      Higher farm profits will encourage farmers to spend more on inputs, technology etc, which can have a positive rub off on companies in the agri inputs and farm equipment's space.

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