Minimum Support Price (MSP)

Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices. The minimum support prices are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP). At presen

Efficacy of nano urea

Context: A two-year field study conducted by Punjab Agricultural University (PAU) scientists on the effectiveness of Liquid Nano Urea has revealed a significant reduction in rice and wheat yields compared to the application of conventional nitrogen (N) fertilizer. News: These results highlight the importance of conducting extended, long-term field assessments spanning 5-7 years to determine

MINIMUM SUPPORT PRICE (MSP)

MSP is the minimum price set by the government for certain agricultural products, at which the products would directly be bought from the farmers if the open market prices are less than the cost incurred. It fosters to insure the farmers against a steep decline in the prices of their goods and to help them prevent losses. MSP is set by the government of India twice a year for 24 commodi