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Minimum Support Price. The government buys certain crops at a minimum rate from the farmers to protect them from sudden market fluctuations https://en.m.wikipe
by rdedev 6y ago
Minimum Support Price. The government buys certain crops at a minimum rate from the farmers to protect them from sudden market fluctuations
https://en.m.wikipedia.org/wiki/Minimum_support_price_(India) https://en.m.wikipedia.org/wiki/Minimum_support_price_(India...
- rsj_hn 6y agoInteresting. Is there a maximum price as well to support those who buy food? Usually when you are talking about agriculture, the big risk is in a sudden supply collapse leading to price spikes, not a sudden supply explosion leading to price drops.
- boruto 6y agoThere are laws against hording. Currently government is the biggest seller of grain charging 3 cents per a kilo.