State to recommend to Centre to provide MSP for rubber crop
GS3Economy · S&T · Environment · Security· MSP, procurement, PDS & food security· Prelims·
Why in news
Karnataka Horticulture Minister S. S. Mallikarjun announced that the state government will recommend to the Centre to provide Minimum Support Price (MSP) for rubber crops to address declining prices.
Background
The decision regarding MSP for rubber crops falls under the jurisdiction of the Rubber Board, a central body. Karnataka is seeking both MSP and incentives to encourage farmers to continue replanting rubber crops.
Facts for Prelims
- BodyRubber Board: A central body responsible for making decisions on MSP for rubber crops.
- FactKarnataka state government is seeking incentives and MSP for rubber crops due to declining prices.
For Mains
Q. Discuss the significance of Minimum Support Price (MSP) in ensuring price stability and farmer livelihoods in commercial plantation crops like rubber.
Dimensions to cover in your answer
- Market volatility: Price fluctuations in non-food plantation crops affecting rural livelihoods
- Institutional oversight: Role of the Rubber Board in balancing farmer interests with market dynamics
- Incentive structures: Trade-offs between direct price support and production-linked incentives
Keywords: Minimum Support Price · Price Stability · Plantation Crops · Price Volatility · Agricultural Policy
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