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Commission for ‘Agricultural Costs and Prices’ (CACP) submits its recommendations on MSP in the form of Price Policy Reports every year, separately for five groups of commodities. Which of the following is not one of those group of commodities?

Commission for ‘Agricultural Costs and Prices’ (CACP) submits its recommendations on MSP in the form of Price Policy Reports every year, separately for five groups of commodities. Which of the following is not one of those group of commodities? Correct Answer Zaid crops

The correct answer is Zaid crop.

Key Points

  • Based on the recommendations of the Commission for Agricultural Costs and Prices (CACP), the Department of Agriculture and Co-operation and Farmers Welfare, Government of India, decides Minimum Support Price (MSP) for crops.
  • MSP is price fixed by the Government of India to protect the producer - farmers - against excessive falls in price during bumper production years.
  • Minimum support prices are currently announced for 24 commodities including seven kinds of cereal, five pulses, eight oilseeds, total of five groups of commodities​.
    • ​Including Rabi and Kharif crops.
    • Zaid crops are not included.
  • The idea behind MSP is to give guaranteed prices and assured markets to the farmers and protect them from price fluctuations and market imperfections.
  • The guaranteed price and assured market are expected to encourage higher investment and the adoption of modern farming practices.
  • Further, with globalization resulting in freer trade in agricultural commodities, it is very important to protect the farmers and their interests.

Additional Information

  • Crops that are being raised throughout the year due to artificial irrigation are Zaid crops.
  • Zaid Kharif: Sown in August-September and harvested in December-January.
    •  Important crops include rice, jowar, rapeseed, cotton, and oilseeds.
  • Zaid Rabi: Sown in February – March and harvested in April -May. 
    • Important crops are watermelon, cucumber, leafy and other vegetables.

Related Questions

Commission for Agriculture Costs and Prices (CACP) submits its recommendation for MSPs of agricultural commodities in form of Price Policy Reports. Consider the following statements: 1. CACP is a statutory body formed under Agriculture Price Commission Act, 1962. 2. Currently MSP is devoid of any legal backing except for Sugarcane to some extent. 3. Before submitting a Price Policy Report for any crop, CACP also analyses demand and supply and the implications of MSP on consumers of that product along with the costs of production. Which among the following statements is/are incorrect?
With regard to the Commission for agricultural costs and Prices (CACP) which of the given statements is FALSE? 1. CACP was established with a view to evolve a balanced and integrated structure and is mandated to advice on the price policy (MSP) of 23 crops 2. CACP submits its recommendation in the form of price policy reports every year
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