What are the advantages and disadvantages of setting MSP(Minimum Support Price) for FPs
Let us discuss. The farmers are demanding legal setting up of MSP (Minimum Support Price) for all the farm products(FP). I too support that there should be MSP for all farm products that will help all the farmers to benefit. MSP should be there from tomato to potato. All vegetables, pulses, cereals and millets should have a set MSP. MSP can be altered or changed year after a year.
Why government is hesitating to set MSP for all the farm products? What are the advantages and disadvantages of MSP to both government, the farmers and the traders. Let us discuss it seriously with facts.