Government support prices (Minimum Support Price - MSP in India) are set to ensure farmer income stability and encourage production. They are influenced by several factors including inflation, production costs, and farmer representation.
When Agriculture support prices increases? - Increase in Inflation Rate - Farmer's Actual cost is increased - On Farmer's demand - Over production
Asked in Headmaster (Secondary School) 2018 · Topic: Agriculture and Allied Sectors (Agricultural Policies and Programs (MSP, Subsidies))
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