Big Announcement on Minimum Support Price: Government to Buy All Crops at MSP

Key Highlights

• Haryana to buy all crops at MSP.
• Historic first for state-level agricultural support.
• MSP rates announced for Kharif and Rabi crops.
• Additional benefits include waived fees and new tubewell connections.

The state government has made a significant announcement regarding the Minimum Support Price (MSP). Farmers will now have the guarantee that the government will purchase all their crops at MSP. This decision has been welcomed by farmers who have been advocating for MSP guarantees.

First in the Country

This is a historic move, as it is the first time a state in the country has pledged to buy all crops from farmers at MSP. Farmers in the state have expressed their happiness over this decision. Additionally, the state government has made several other beneficial announcements for farmers, aimed at increasing their income.

Crops to be Purchased at MSP

Currently, the state government is buying 14 Rabi and Kharif crops at MSP, as notified by the Centre. Besides these, other crops like Ragi, Jowar-hybrid, Maldadi, Maize, Soybean, Black Sesame, Barley, Safflower, and Lentil will also be purchased at MSP.

MSP List for Kharif Season Crops

The state government has announced MSP rates for seven Kharif season crops:

• Ragi: ₹4290 per quintal
• Jowar-Hybrid: ₹3371 per quintal
• Maldadi: ₹3421 per quintal
• Maize: ₹2225 per quintal
• Soybean: ₹4892 per quintal
• Black Sesame: ₹8717 per quintal

MSP List for Rabi Season Crops

For the Rabi season, three crops will be bought at MSP:

• Barley: ₹1850 per quintal
• Lentils: ₹6425 per quintal
• Safflower: ₹5800 per quintal

Haryana Leads the Way

The Haryana government has announced that it will buy all crops from its farmers at MSP. Chief Minister Naib Singh Saini stated that Haryana will be the first state to implement this. The initiative aims to ensure that farmers receive fair prices for their produce.

Other Benefits for Farmers

Apart from the MSP guarantee, Chief Minister Naib Singh Saini has made several other announcements to benefit farmers:

• Waiving off ₹133.55 crore of outstanding canal water fees.
• Providing uninterrupted new tubewell connections.
• Free replacement of faulty transformers.
• Inclusion of three-star motor selling companies in the Mhare Non-Stop Haryana panel, allowing farmers to choose from various companies.
• Release of compensation for crop damage caused by disasters in Rohtak, Nuh, Fatehabad, and Sirsa before 2023, amounting to around ₹137 crore.

What is the Minimum Support Price (MSP)?

MSP is the minimum rate at which the government buys crops from farmers, ensuring they are protected from financial loss if market prices fall. The Central Government currently includes 23 crops under MSP, setting state-wise targets for purchases. MSP rates are decided by the Commission for Agricultural Costs and Prices (CACP) and are announced twice a year before the Rabi and Kharif seasons. Farmers have been demanding a guaranteed 100% purchase of their crops at MSP when market rates fall.

This new decision by the Haryana government is a major step towards securing farmer’s incomes and providing them with much-needed financial stability.

Also Read: Pradhan Mantri Fasal Bima Yojana: Deadline Extended for Crop Insurance

CMV360 Says

The Haryana government's decision to buy all crops at MSP is a landmark move, ensuring fair prices and financial security for farmers. Along with other beneficial measures, this initiative aims to boost farmer’s incomes and provide stability, making Haryana a pioneer in agriculture and agricultural support.