Sasi Kiran Mohanty 24 June 2021
Nirali Nayak 25 June 2021
Hello mam, greetings of the day.
As per your query, I am discussing about the provisions related to MSPs under new farm laws. The newly passed farm trade Bill has raised concerns that farmers may no longer be assured MSP for their crop. The recently enacted law which dismantled the monopoly of APMC (agricultural produce market committee) mandis, and allowed sale and purchase of crops outside these state government-regulated market yards, are facing serious farmer regarding a provision that safeguards the continuance of the existing minimum support price (MSP)-based procurement regime.
The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill does not give any statutory backing to MSP. MSP is not a legal right and isn’t even mentioned in the Bill passed by both Houses of Parliament. Agriculture Minister Narendra Singh Tomar has said that the new legislation has “nothing to do with MSP”. Although the government has declared MSPs for crops, but there is no law mandating their implementation. The new legislation will adversely affect the Minimum Support Price (MSP) procurement infrastructure and weaken the mandi system by restricting the power of agriculture markets.
Hope this helps you.