Government Relents on MSP Issue, Proposes Five-Year Contract to Secure Fair Returns for Farmers and Promote Sustainable Agriculture The government has relented on the contentious issue of Minimum Support Price (MSP). The proposal involves a groundbreaking five-year contract aimed at stabilizing prices and ensuring fair returns for farmers cultivating pulses, maize, and cotton. This initiative comes at a crucial juncture, addressing long-standing grievances within the agricultural sector while also aligning with broader policy objectives of crop diversification and environmental sustainability. Major Points from the Meeting: Union Cooperative Societies to Sign Five-Year Contracts: As per the proposal, the Cotton Corporation of India will enter a 5-year legal agreement with farmers to purchase the crops at MSP. The government has brokered agreements with prominent Union cooperative societies such as the National Cooperative Consumers Federation (NCCF) and the National Agri...
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