Farmers will lose Rs 36k-cr due to prices falling below MSP: Farmers’ body | Business Standard News

A mass assembly of farmer associations is planned in Delhi on November 20. The charge is that market prices have gone below the government-set minimum support price (MSP) for major kharif crops.

As a result, farmers estimate they would lose about Rs 36,000 crore due to lack of government action. It could be as much as Rs 200,000 crore if the loss is estimated from the actual cost of production plus 50 per cent profit as assured by the ruling party in its election manifesto of 2014.

The allegation and stir plan is from the All India Kisan Sangharsh Coordination Committee (AIKSCC), describing itself as a conglomeration of at least 150 small and big farmer bodies.