Syllabus: GS-III
Subject: Economy
Topic: Agriculture and Allied Sector
Issue: Minimum Support Price (MSP)
Reason behind farmer’s protest:
- The primary concern of the protesting farmers is that no law on MSP has been enacted yet.
- The government should clarify whether the MSP they proposed is based on the A2+FL+ 50% method (input cost and family labour) or at the rate of C2 (input cost and rent of the land)+50%.
- Other demands include:
- A complete loan waiver for the farmers and farm labour,
- A monthly pension for 58-year-old farmers/farm labourers,
- Withdrawal of the Electricity Amendment Bill, 2020,
- Reintroduction of the Land Acquisition Act, 2013 to ensure farmers consent and compensation at four times the collector rate,
- 200 days of employment annually at a daily wage of ₹700 under the Mahatma Gandhi National Rural Employment Guarantee Act etc.
