A Class-Focused Theory of Minimum Support Price and Agricultural Distress in India

Majumdar, Sayonee

doi:10.1080/08935696.2020.1847017

Cited by 3 publications

(2 citation statements)

References 12 publications

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“…It is further contended that the MSP has outlived its utility and is being used more as a political tool than an economic instrument [8], also has pointed out that MSP is leading to regional imparity in incomes as it is effective only in few states where it is backed by procurement [9]. Research work done by Sayonee Majumdar (2021) [10] proved that the analytical tool used to calculate MSP is highly skewed and is not able to prove the effect of MSP on all types of farmers. Farmers always demand a substantial hike in MSP, whereas profree agricultural trade tinkers feel that most of the time, MSP is not in the line with the international prices as well as domestic demand and supply situation.…”

Section: Introductionmentioning

confidence: 99%

An Economic Analysis of Trends in Cost of Production and MSP in India

Sutradhar

Gautam²,

Shivani³

2022

AJAEES

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Objectives: To study a two-decade economic analysis of Minimum Support Price (MSP) trends compared to the cost of production of major crops of India and understand the real impact of price policy formed by the Government of India. Methods: The period of the analysis is from 1999 to 2019 (20 years) and the data sources consulted are Cost of cultivation and Farm Harvest price from Directorate of economics and statistics, Minimum support price from Commission for Agricultural Costs and Prices (CACP) and Awareness report of farmers by Questioner based survey. Compound annual growth rate and percentage analysis are used as a statistical tool for this research. To access the impact, Tamil Nadu has been taken as the model state with two model crops Paddy and Cotton and its comparative analysis is done with reference states Punjab and Maharashtra for Cost of Cultivation components and Profitability. Findings: The finding of this research unravels that Wheat, Groundnut and Cotton are getting supported largely due to MSP policy, Paddy and Black gram are barely supportive as there is cutthroat competition between MSP and the Cost of Cultivation and sugarcane is not supported by MSP policy. The comparative and profitability analysis unravels how labour cost is the major cost in Tamil Nadu and paddy is profitable whereas cotton is not. Novelty: Therefore, this research depicts that MSP has been supporting the farming community on the policy end. But it’s not working as a fundamental supporting system for the majority of farmers as it’s not exercised by majority of farmers due to low awareness and inefficiency of the system.

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Section: Introductionmentioning

confidence: 99%

An Economic Analysis of Trends in Cost of Production and MSP in India

Sutradhar

Gautam²,

Shivani³

2022

AJAEES

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“… 2 Minimum support price is the floor price announced by the Indian state before the sowing season at which it promises to procure food grains from farmers, in order to insulate them from market fluctuations and assure them a minimum return. For a class analysis of minimum support price, see Majumdar (2021). For sugar, the support price is known as fair and remunerative price (FRP). …”

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confidence: 99%

Rethinking the Formation of Public Distribution System: A Class-Focused Approach

Sarkar

Chakrabarti

2021

Review of Radical Political Economics

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Using the methodology of overdetermination, class process of surplus labor as the entry point and socially determined need of food security, we deliver an alternative class-focused rendition of the public distribution system (PDS) in India. We first surmise our theoretical framework to infer that the overdetermined and contradictory relation of class and social needs matter for PDS. Beyond the reasoning of being pro-poor, fair, or wasteful, we deploy this framework to reinterpret the formation of Indian PDS in the 1960s. Its demonstration requires revisiting the historical condition that shaped capital’s passive revolution through the post-independence Indian state and its subsequent crisis arising out of the contradictions and conflicts in the class-need space. We argue that PDS signals a case of success and not failure of capitalism.

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Class and Overdetermination

Chakrabarti

Dhar

2023

Marx, Engels, and Marxisms

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A Class-Focused Theory of Minimum Support Price and Agricultural Distress in India

Cited by 3 publications

References 12 publications

An Economic Analysis of Trends in Cost of Production and MSP in India

An Economic Analysis of Trends in Cost of Production and MSP in India

Rethinking the Formation of Public Distribution System: A Class-Focused Approach

Class and Overdetermination

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