Approach to Enablers of Minimum Support Price (MSP) and their Effects on Sustainable Agriculture Practices

Authors

  • Bajrang Lal Assistant Professor, NIMS Institute of Management and Commerce, NIMS University, Jaipur
  • Priyanka Ranawat Assistant Professor, NIMS Institute of Management and Commerce, NIMS University, Jaipur

DOI:

https://doi.org/10.31305/rrijm.2022.v07.i10.016

Keywords:

Agriculture Growth, Regional Equity, Commission for Agricultural Costs and Prices (CACP), Sustainable Agriculture (SA), Minimum Support Price (MSP)

Abstract

The production of agricultural goods is essential to the maintenance of many households' means of subsistence, notably in India. The purpose of this article is to determine the key factors of MSP and the impact that it has on sustainable agricultural practices (SAP). The selection of these 380 marginal farmers in Rajasthan was conducted using a survey methodology that included well-organized and convenient sampling techniques. The findings suggested that the farmers were familiar with the MSP. Several supply parameters, including Area under crop, Productivity of land, Processing cost, Transportation, Distribution, Taxes and fee, and Subsidies, were found to have a correlation that was both positive and significant with SAP. In a similar vein, agricultural factors, such as the cost of production, input prices, market prices, demand and supply, inflation, and international pricing, are positively connected with SAP. To achieve agricultural sustainability in Rajasthan, an innovative conceptual model was devised. This work contributes to the current body of knowledge by expanding on how MSP and SAP are typically utilized.

Author Biographies

Bajrang Lal , Assistant Professor, NIMS Institute of Management and Commerce, NIMS University, Jaipur

Dr. Bajrang Lal, working as Assistant Professor in Department of Management and Commerce- NIMS University, Rajasthan Jaipur. He possesses degree Ph.D. in Commerce, M.Com (EAFM) from University of Rajasthan, Jaipur. Bachelor of Commerce from University of Rajasthan, Jaipur. He has 6 years experience in teaching and research. He was published many papers in National and International Journals. He has participated and attended many conferences and seminar. He also got research fellowship by NCRI (Ministry of Human Resource Development, Govt. of India).

Priyanka Ranawat, Assistant Professor, NIMS Institute of Management and Commerce, NIMS University, Jaipur

Dr. Priyanka Ranawat, working as Assistant Professor in Department of Management and Commerce- NIMS University, Rajasthan Jaipur. She possesses degree Ph.D. in Management, MBA (Specialization in Finance and Marketing) M.Com (A.B.S.T) from University of Rajasthan, Jaipur. She has an innovative and knowledgeable professional having 4 years experience in teaching. She has actively participated and presented research papers in various National and International seminars, conferences and workshops. She has published, participated and presented papers in many International Journals.

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Published

13-10-2022

How to Cite

Bajrang Lal, & Ranawat, P. (2022). Approach to Enablers of Minimum Support Price (MSP) and their Effects on Sustainable Agriculture Practices. RESEARCH REVIEW International Journal of Multidisciplinary, 7(10), 139–145. https://doi.org/10.31305/rrijm.2022.v07.i10.016

Issue

Vol. 7 No. 10 (2022): RESEARCH REVIEW International Journal of Multidisciplinary

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Articles

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This is an open access article under the CC BY-NC-ND license Creative Commons Attribution-Noncommercial 4.0 International (CC BY-NC 4.0).