Case Study - How mandatory MSP will open flood gates for imports and will create more problems for Indian Farmers and Agriculture?
Current Minimum Support Price (MSP) Model no more relevant for Farmers' Income Security Case Study: Soybean By: Vijay Sardana Let us look at the facts: India is a deficit in edible oils, it means there should be demand for oilseeds in India. Soybean is the largest oilseed crop in India. Today, India is importing 70% of edible oils of her requirements from the world market. Let us build a case around soybean as see what is the future of MSP in India. Why Soybean as an example? India needs edible oils to reduce dependency on imports. It means there is a huge market for edible oils in India. Even if the government is not buying soybean, millers will buy soybean and consumers will buy the soybean oil. The key concerns are: If farmers are poor, 60% of consumers are also poor. At what price Consumers will buy edible oils? Like farmers, every small business has a right to make a profit in business. They need edible oils at lower rates. They will buy the cheapest oil for their...