Price policy and efficient marketing of rabi crops

摘要

The Government of India has been implementing the price support policy for agricultural commodities since mid-1960s. Under this policy, on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP), Minimum Support Prices (MSP) are announced well ahead of the sowing season so that farmers can take informed decisions on cropping. The Agricultural Prices Commission (APC) later rechristenedas CACP came into existence vide resolution of Ministry of Food and Agriculture in the year 1965. The commission was established to evolve a balanced and integrated price structure in the perspective of the overall need of economy and with due regard tothe interests of the producer and consumer.