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.
