Poor MSP growth led to farm distress, says Crisil

Tepid growth in minimum support prices (MSP) of different agricultural products since the National Democratic Alliance (NDA) government took over was one of the major reasons for the current farm distress, according to an independent research report released on Tuesday. “While the average annual growth [in MSP] between agriculture year 2009 and 2013 was 19.3 per cent, it was only 3.6 per cent between 2014 and 2017,” said a research report published by rating agency Crisil. It added that limited support from the floor price has further depressed market prices. The falling profitability would continue to distress farmers.
Read more