FOOD TECHNOLOGY

Detailed explanation-1: -Detailed Solution. The correct answer is Minimum Support Price. The farmers are paid a pre-announced price for their crops called the Minimum Support Price (MSP). The MSP is declared by the government every year to provide incentives to farmers for raising the production of crops.

Detailed explanation-2: -The farmers are paid a pre-announced price for their crops. This price is called Minimum Support Price (MSP). The MSP is declared by the government every year before the sowing season to provide incentives to the farmers for raising the production of these crops. Was this answer helpful?

Detailed explanation-3: -Minimum Support Price (MSP) is the minimum price set by the government for certain agricultural products, at which the products would directly be bought from the farmers if the open market prices are less than the cost incurred.

Detailed explanation-4: -MSP is the price at which government purchases crops from the farmers, whatever may be the price for the crops. 2. The minimum support prices are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Ministry of Agriculture.

Detailed explanation-5: -Minimum Support Price (MSP) is a form of government intervention to insure the farmers against a steep decline in the prices of their goods and to help them prevent losses. It is the minimum price set by the government for certain agricultural products. The farmers are paid a pre-announced price for their crops.