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πŸ“° News ⏱ 2 min
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Key Points

4 points
1

All major winter crops will have higher minimum support prices.

2

Safflower's price rises by 675 Indian rupees per hundred kilograms, the biggest increase.

3

Higher prices are expected to give farmers margins ranging from 50% to over 100% above production costs.

4

The policy supports crop diversification and increased government procurement of these crops.

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Summary

The increase aims to ensure farmers receive profitable returns and to promote planting a wider variety of crops such as pulses and oilseeds.

Safflower receives the largest price increase, with notable rises for rapeseed, mustard, lentils, wheat, barley, and gram.

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New Words to Learn

5 words
minimum support price
the lowest price the government guarantees to pay farmers for each crop
winter crops
crops that are planted and harvested during the cooler months
crop diversification
the practice of growing a variety of different crops to reduce risk and improve soil health
procurement
the process of the government buying crops from farmers
margin
the difference between the cost to grow a crop and the price it is sold for
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