Keeping in view the interests of the farmers as also the need for self reliance, the Government of India has been announcing Minimum Support Prices (MSP) for major crops from year to year. Farmers are free to sell in the open market or to the Government at the MSP depending on what is more advantageous to them. The price support policy of the Govt. is directed at providing to insurance to farmers against any sharp fall in farm prices. The minimum price is fixed beyond which the market price cannot fall.
Click Here to Know the Current Minimum Support Prices