Badal seeks formula review to fix MSP

  • HT Correspondent, Hindustan Times, CHANDIGARH
  • Updated: Sep 07, 2014 22:08 IST

Chief minister Parkash Singh Badal on Sunday urged the union government to review the procedure for fixing minimum support price (MSP) of crops to make it more remunerative for farmers, by adopting the formula of determining the rental value of the owned land as per actual market land rent.

Flagging the issue with the union ministry of agriculture, the CM said in a statement here that the MSP should be fixed on the basis of not only input costs and other such variables but also by evaluating managerial input of the farmers, as they worked round-the-clock on farms as labour and also as farm machinery operators, that is skilled labour.

Underlining the Dr MS Swaminathan's formula for fixing the MSP, Badal said this should include the cost of cultivation plus a margin of 50%, as suggested by the chairman of the National Farmers' Commission.

He urged the central government to ensure that farmers must continue to get the prevailing market prices for their produce when any change was made in the import or export regulations and tariffs to safeguard the interest of consumers.

Punjab's financial commissioner, development, (FCD) Suresh Kumar has been deputed to take up the entire matter with the National Centre for Agriculture Economics and Policy Research (NCAPR) director, a spokesman said.

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