The expected returns to farmers by way of MSP (Minimum Support Price) over their cost of
production for barley for marketing season 2021–22 is estimated at ______.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 65%
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The expected returns to farmers by way of MSP (Minimum Support Price) over their cost of
production for barley for marketing season 2021–22 is estimated at 65%. -
The increase in MSP for Rabi Crops for marketing season 2021-22 is in line with the principle of fixing the MSPs at a level of at least 1.5 times of the All-India weighted average Cost of Production as announced in Union Budget 2018-19. The expected returns to farmers over their cost of production are estimated to be highest in case of Wheat (106%) followed by rapeseed and mustard (93%), gram and lentil (78%). For barley, return to farmers over their cost of production is estimated at 65% and for safflower, it is 50%.
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Presently MSP is fixed for 22 agricultural crops.