The Commission for Agricultural Costs & Prices ( C A C P ) and Minimum Support Price ( M S P )

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 The Commission for Agricultural Costs & Prices ( C A C P ):

The Commission for Agricultural Cost and Prices (CACP) earlier known as Agricultural Price Commission, came into existence in 1985. At present, the CACP comprises of a Chairman, a Member Secretary, one Member (Official) and two Members (non-official) representing the farming community.

Minimum Support Price:

It is mandated to recommend minimum support prices (MSPs) to agricultural commodities.  As of now, CACP recommends MSPs of 23 commodities, which comprise 7 cereals (paddy, wheat, maize, sorghum, pearl millet, barley and ragi), 5 pulses (gram, tur, moong, urad, lentil), 7 oilseeds (groundnut, rapeseed-mustard, soyabean, seasmum, sunflower, safflower, nigerseed), and 4 commercial crops (copra, sugarcane, cotton and raw jute).

CACP submits its recommendations to the government in the form of Price Policy Reports every year, separately for five groups of commodities namely Kharif crops, Rabi crops, Sugarcane, Raw Jute and Copra. The government, in turn, circulates the CACP reports to state governments and concerned central Ministries for their comments. After receiving the feed-back from them, the Cabinet Committee on Economic Affairs (CCEA) of the Union government takes a final decision on the level of MSPs and other recommendations made by CACP. Once this decision is taken, CACP puts all its reports on the web site for various stakeholders to see the rationale behind CACP's price and non-price recommendations.

Implementation of Minimum Support Price System:

The MSP for all the crops under the ambit of the MSP regime is announced before their sowing season. This makes it possible for the farmers to have an idea about the extent of price insurance cover provided by the Government. Besides, the announcement of the MSP, the Government organises procurement operations of these agricultural commodities through various public and cooperative agencies. The Food Corporation of India (FCI) is a nodal Central agency along with other State agencies which undertake the procurement of wheat and paddy. Coarse grains are procured by the State Governments' agencies for central pool while procurement of oilseeds, pulses, cotton etc., is done by the NAFED, Small Farmers Agribusiness Consortiums (SFAC), Cotton Commission of India (CCI) and other agencies under Price Support Scheme (PSS). 

For sugarcane, MSP has been assigned a statutory status and termed as Fair and Remunerative Price (FRP). There is a statutory binding on the sugar factories to pay the FRP declared by the Government each year. 

https://cacp.dacnet.nic.in/content.aspx?pid=32

http://164.100.47.193/Refinput/New_Reference_Notes/English/Minimum%20Support%20Price%20for%20Agricultural%20Produce.pdf

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