Q. Which body recommends Minimum Support Prices for major crops annually?
Answer: Commission for Agricultural Costs and Prices
Notes: The Commission for Agricultural Costs and Prices (CACP) was established in 1965. CACP is an attached office of the Ministry of Agriculture and Farmers Welfare, Government of India. CACP annually recommends Minimum Support Prices for 23 agricultural commodities. The recommendations consider cost of production, market price trends, and inter-crop price parity. Government decides final MSPs based on CACP’s advice.
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