Farmers to get MSP based on Swaminathan report

Context

  • The Delhi government has decided to introduce Minimum Support Price (MSP) for farmers based on the report of National Commission on Farmers (NCF) headed by MS Swaminathan.

Key Facts

  • Formed a three-member committee in December to study the report. The committee has submitted its own report on the MSP for Delhi’s farmers.”
  • While agricultural lands in Delhi have shrunk over the years, according to the Economic Survey of Delhi 2017-2018, the total cropped area that year was 34,750 hectares.
  • The National Commission on Farmers (NCF) was constituted on November 18, 2004 under the chairmanship of Professor M.S. Swaminathan.
  • The committee made some key recommendations on land reforms, irrigation, credit and insurance, food security, employment, the productivity of agriculture and farmer competitiveness.
  • On the issue of MSP, the committee recommended providing farmers with a minimum support price at 50 per cent profit above the cost of production classified as C2 by the Commission for Agricultural Costs and Prices (CACP).

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