Minimum Support Price (MSP) for Kharif Crops 2026-27
- Background: The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister, has approved an increase in the MSP for 14 Kharif crops for the 2026-27 marketing season.
About Minimum Support Price (MSP)
-
- Minimum Support Price (MSP) is a minimum price fixed by the government to ensure that farmers get a fair price for their produce, even if market prices fall.
- MSP was introduced during the ‘Green Revolution’ in 1966-67 to protect farmers from losses and strengthen the country’s food security.
- The government announces MSP twice every year:
- Before the Kharif (monsoon) crop growing season
- Before the Rabi (winter) crop growing season
- The Commission for Agricultural Costs and Prices (CACP) recommends the MSP rates.
- The Cabinet Committee on Economic Affairs (CCEA) gives its final approval.
