What’s the Minimum Support Price for the farmers? How does it work or not? Any which way, the buck stops with you and me. Yeah, us. We hope this post clears it all up.
First, we begin with the government’s well intentioned idea. Let’s look at the latest notification from the government. Here is the screenshot :
Let’s pick the Masur daal. The government is saying that they will buy it for Rs. 4250/- per quintal (100 Kgs), that is, about Rs.42.50 per kilo. Nice.
Let’s see what it sells for online. So, here is what we found on Amazon as the first hit.