{"id":63291,"date":"2020-10-19T18:09:46","date_gmt":"2020-10-19T12:39:46","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=63291"},"modified":"2020-10-19T19:15:40","modified_gmt":"2020-10-19T13:45:40","slug":"farm-bills-2020-and-minimum-support-price-msp-explained","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/farm-bills-2020-and-minimum-support-price-msp-explained\/","title":{"rendered":"Farm Bills 2020 and Minimum Support Price (MSP): Explained"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/farm-bills-2020-and-minimum-support-price-msp-explained\/#Farm_Bills_2020_and_Minimum_Support_Price_MSP\" >Farm Bills 2020 and Minimum Support Price (MSP)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/farm-bills-2020-and-minimum-support-price-msp-explained\/#RBI_Grade_B_2020_Online_Course\" >RBI Grade B 2020 Online Course\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/farm-bills-2020-and-minimum-support-price-msp-explained\/#SEBI_Grade_A_Online_Course\" >SEBI Grade A Online Course<\/a><\/li><\/ul><\/nav><\/div>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Minimum Support Price and Farm Bills 2020 have been in the news for quite some time now. In this blogpost let us understand what is Minimum Support Price and the recently introduced Farm Bills 2020.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Farm_Bills_2020_and_Minimum_Support_Price_MSP\"><\/span><span style=\"color: #000000;\"><strong>Farm Bills 2020 and Minimum Support Price (MSP)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span style=\"color: #000000;\"><strong>What is the\u00a0Minimum Support Price (MSP)?<\/strong><\/span><\/h3>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">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 Commission for Agricultural Costs and Prices (CACP).<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">The government uses the MSP as a market intervention tool to incentivize production of a specific food crop which is in short supply.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">It also protects farmers from any sharp fall in the market price of a commodity.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">MSP is computed on the basis of the recommendations made by the Commission for Agricultural Costs and Prices (CACP).<\/span><\/li>\n<\/ul>\n<h3><\/h3>\n<h3 style=\"text-align: justify;\"><strong><span style=\"color: #000000;\">How does the CACP fix the MSP?<\/span><\/strong><\/h3>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">It considers factors such as the cost of production, change in input prices, market price trends, demand and supply, and a reasonable margin for farmers.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">The Food Corporation of India, which is the nodal agency for procurement, along with State agencies, establishes purchase centres for procuring food grain under the price support scheme.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">The State government decides on the location of these centres with the aiming of maximising purchases.<\/span><\/li>\n<\/ul>\n<h3><\/h3>\n<h3 style=\"text-align: justify;\"><strong><span style=\"color: #000000;\">Importance of MSP\u00a0<\/span><\/strong><\/h3>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">The share of agriculture in India\u2019s GDP has fallen steadily from around 25 percent in the early part of the century to less than 17 percent now. But almost half of India\u2019s population is dependent on agriculture for livelihood.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Farming is a risky business with the farmer\u2019s income depends on the vagaries of weather and pests, as well as local and international price trends.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">The MSP mechanism shields farmers to an extent, from such risks, by guaranteeing a floor price for their produce.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">MSP also ensures that the country\u2019s agricultural output responds to the changing needs of its consumers.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Higher MSP and rising farm income can augur well for companies that make consumer durable goods, automobiles or FMCG.<br \/>\n<\/span><span style=\"color: #000000;\">Besides, higher farm profits will encourage farmers to spend more on inputs, technology etc., which can have a positive rub off on companies in the Agri inputs and farm equipment space.<\/span><\/li>\n<\/ul>\n<h3><\/h3>\n<h3 style=\"text-align: justify;\"><strong><span style=\"color: #000000;\">Current Scenario and latest changes\/laws:<\/span><\/strong><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The Centre currently fixes MSPs for 23 farm commodities \u2014<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">1.\u00a0\u00a0\u00a0\u00a0\u00a0 7 kinds of cereal (paddy, wheat, maize, bajra, jowar, ragi and barley),<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">2.\u00a0\u00a0\u00a0\u00a0\u00a0 5 pulses (chana, arhar\/tur, urad, moong and masur),<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">3.\u00a0\u00a0\u00a0\u00a0\u00a0 7 oilseeds (rapeseed-mustard, groundnut, soyabean, sunflower, sesamum, safflower and nigerseed) and<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">4.\u00a0\u00a0\u00a0\u00a0\u00a0 4 commercial crops (cotton, sugarcane, copra and raw jute).<\/span><\/p>\n<h3><\/h3>\n<h3><span style=\"color: #000000;\"><strong>Farm Bills 2020<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Recently, three Bills on agriculture reforms were passed:<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">1.\u00a0\u00a0\u00a0\u00a0\u00a0 The Farmers\u2019 Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">2.\u00a0\u00a0\u00a0\u00a0\u00a0 The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">3.\u00a0\u00a0\u00a0\u00a0\u00a0 The Essential Commodities (Amendment) Bill, 2020<\/span><\/p>\n<h4><\/h4>\n<h4><span style=\"color: #000000;\"><strong>What are the Three Bills?<\/strong><\/span><\/h4>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">The Bills which aim to change the way agricultural produce is marketed, sold and stored across the country were initially issued in the form of ordinances in June. They were then passed by voice vote in both the Lok Sabha and the Rajya Sabha during the delayed monsoon session this month, despite vociferous Opposition protest.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">The Farmers\u2019 Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020, allows farmers to sell their harvest outside the notified Agricultural Produce Market Committee (APMC) mandis without paying any State taxes or fees.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Bill, 2020, facilitates contract farming and direct marketing. The Essential Commodities (Amendment) Bill, 2020, deregulates the production, storage, movement and sale of several major foodstuffs, including cereals, pulses, edible oils and onion, except in the case of extraordinary circumstances.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">The government hopes the new laws will provide farmers with more choice, with competition leading to better prices, as well as ushering in a surge of private investment in agricultural marketing, processing and infrastructure.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">These reforms aim to accelerate growth in the sector through private sector investment in building infrastructure and supply chains for farm produce in national and global markets.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">They are intended to help small farmers who don\u2019t have the means to either bargain for their produce to get a better price or invest in technology to improve the productivity of farms.<\/span><\/li>\n<\/ul>\n<h4><\/h4>\n<h4><span style=\"color: #000000;\"><strong>1. The Farmers\u2019 Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020<\/strong><\/span><\/h4>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Aims at opening up agricultural sale and marketing outside the notified Agricultural Produce Market Committee (APMC) mandis for farmers.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Removes barriers to inter-State trade<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Provides a framework for electronic trading of agricultural produce.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">It prohibits State governments from collecting market fee, cess or levy for trade outside the APMC markets.<\/span><\/li>\n<\/ul>\n<h4><\/h4>\n<h4 style=\"text-align: justify;\"><strong><span style=\"color: #000000;\">2. The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020<\/span><\/strong><\/h4>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Relates to contract farming, providing a framework on trade agreements for the sale and purchase of farm produce.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">The mutually agreed remunerative price framework envisaged in the legislation is touted as one that would protect and empower farmers.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">The written farming agreement, entered into prior to the production or rearing of any farm produce, lists the terms and conditions for supply, quality, grade, standards and price of farm produce and services.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">The price to be paid for the purchase is to be mentioned in the agreement.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">The method of determining such price, including guaranteed price and additional amount, will be provided in the agreement as annexures.<\/span><\/li>\n<\/ul>\n<h4><\/h4>\n<h4 style=\"text-align: justify;\"><strong><span style=\"color: #000000;\">3. The Essential Commodities (Amendment) Bill, 2020:<\/span><\/strong><\/h4>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Removes cereals, pulses, oilseeds, edible oils, onion and potatoes from the list of essential commodities.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">The amendment will deregulate the production, storage, movement and distribution of these food commodities.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">The central government is allowed regulation of supply during war, famine, extraordinary price rise, and natural calamity while providing exemptions for exporters and processors at such times as well.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">The ordinance requires that imposition of any stock limit on agricultural produce must be based on price rise.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">A stock limit may be imposed only if there is a 100% increase in the retail price of horticultural produce; and a 50% increase in the retail price of non-perishable agricultural food items.<\/span><\/li>\n<\/ul>\n<h3><\/h3>\n<h3><span style=\"color: #000000;\"><strong>Will farmers get minimum support price?<\/strong><\/span><\/h3>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Most of the slogans at the farmers\u2019 protests revolve around the need to protect MSPs, or minimum support prices, which they feel are threatened by the new laws. These are the pre-set rates at which the Central government purchases produce from farmers, regardless of market rates, and are declared for 23 crops at the beginning of each sowing season. <\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">However, the Centre only purchases paddy, wheat and select pulses in large quantities, and only 6% of farmers actually sell their crops at MSP rates, according to the <strong>2015 Shanta Kumar Committee\u2019s report using National Sample Survey data<\/strong>. <\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">None of the laws directly impinges upon the MSP regime. However, most government procurement centres in Punjab, Haryana and a few other states are located within the notified APMC mandis. <\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Farmers fear that encouraging tax-free private trade outside the APMC mandis will make these notified markets unviable, which could lead to a reduction in government procurement itself. Farmers are also demanding that MSPs be made universal, within mandis and outside so that all buyers \u2014 government or private \u2014 will have to use these rates as a floor price below which sales cannot be made.<\/span><\/li>\n<\/ul>\n<h3><\/h3>\n<h3><span style=\"color: #000000;\"><strong>Will the new \u2018freedom to trade\u2019 Act benefit farmers?<\/strong><\/span><\/h3>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Resetting the way farm produce is traded within India, the Parliament on Sunday passed a set of bills that aims to liberalize agriculture markets. A new beginning\u2014farmers will now have the freedom to sell their products to any buyer outside state-regulated wholesale markets and such transactions will not attract any taxes or fees.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">The new set of laws allows the direct purchase of produce from farmers outside state-regulated mandis (also known as <strong>Agricultural Produce Market Committees or APMCs<\/strong>) which have enjoyed a monopoly till now\u2014and where trader cartels often manipulated wholesale prices to the disadvantage of farmers. Produce can now travel freely across states, and farmers, the government hopes, will receive a better price as trade opens up to the competition.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">After amendments to the decades-old Essential Commodities Act removed stock limits on traders and exporters, agri-businesses are expected to invest in post-harvest infrastructures like storage, transport and value chains.<\/span><\/li>\n<\/ul>\n<h3><\/h3>\n<h3><span style=\"color: #000000;\"><strong>Who gains and who loses from the farm Bills?<\/strong><\/span><\/h3>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Farmers have taken to the streets, protesting against three Bills on agriculture market reforms that were passed by Parliament<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">In Punjab and Haryana, bandhs were observed, with blocked roads and mass rallies.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Opposition parties and farmers groups across the political spectrum have expressed concern that the laws could corporatize agriculture, threaten the current mandi network and State revenues and dilute the system of government procurement at guaranteed prices.<\/span><\/li>\n<\/ul>\n<h3><\/h3>\n<h3><span style=\"color: #000000;\"><strong>Impact of farm bills on markets and farmers: Five indicators to track<\/strong><\/span><\/h3>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">The government hopes competitive markets and higher private investments in the food supply chain will improve farm-gate prices. Here are five indicators to watch out to understand the near-term impact of these reforms.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Firstly, freshly harvested Kharif crops will start arriving in the markets<\/strong>. The number to watch out for is to what extent arrivals in existing mandis drop. For instance, if arrivals drop significantly by saying, over 25% compared to last October (the peak arrival month), this would mean trade is shifting out of APMC yards to take advantage of the zero taxes and fees provision of the new regime. But without regulatory oversight and monitoring of transactions outside APMC mandis it remains unclear how the welfare impact on farmers will be quantified. If arrivals show no change year on year, that would mean a status quo for now.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Secondly, data on wholesale prices have to be closely monitored to understand the immediate impact of the bills on farm gate prices. <\/strong>As crop production is expected to touch record highs following ample rains and higher plantings, a slide in wholesale prices could lead to unrest among farmers. More so, since the Prime Minister has assured that farmers won\u2019t be denied procurement at minimum support prices (MSP). It is likely that farmers will hold the government accountable if prices drop and state procurement remains limited for pulses and oilseeds.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>The third indicator is how government procurement of food grains will change, especially in states like Punjab and Haryana<\/strong>. Will the Food Corporation of India use the services of commission agents and procure from mandis by paying over 8% in taxes? Or will the government procure from outside mandis while undertaking MSP operations? Any disruption to the usual procurement regime may lead to further unrest in these states.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Fourthly, policymakers and the central bank may need to closely monitor how changes in the Essential Commodities Act will impact retail food inflation<\/strong>. With the government allowing private players to stock Agri commodities freely, chances of hoarding to manipulate retail prices cannot be ruled out. The government needs to closely track privately held stocks, else the current trend of high food inflation may not ease despite record harvests. A transparent regime on privately-held stocks is also required for trade policy decisions.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Lastly, farmer groups need to closely monitor corporate interventions in agriculture markets<\/strong>. It is unlikely that private firms will immediately invest in value chains or set up private markets if state governments are not aligned to the reform agenda. A politically volatile situation will deter them from investing. However, it could well be the case that food companies use services of the much-vilified middlemen while procuring directly from farmers. But farmers are unlikely to benefit from such transactions.<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\"><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #000000;\">Source: The Hindu, The Indian Express, PRS<\/span><\/strong><\/p>\n<hr \/>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"RBI_Grade_B_2020_Online_Course\"><\/span><span id=\"RBI_Grade_B_2020_Online_Course\" style=\"color: #000000;\"><span id=\"RBI_Grade_B_2020_Online_Course_by_Oliveboard\"><strong>RBI Grade B 2020 Online Course\u00a0<\/strong><\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Oliveboard has come up with RBI Grade B Online Cracker Course<\/strong>\u00a0for\u00a0<strong>RBI Grade B 2020<\/strong>\u00a0Exam. Oliveboard\u2019s\u00a0<span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/rbi-grade-b\/?ref=Rbiblog\" target=\"_blank\" rel=\"noopener noreferrer\"><em><strong>RBI Grade B Online Course 2020<\/strong><\/em><\/a><\/span>\u00a0will be your one-stop destination for all your preparation needs<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">What all the course offers you:<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span id=\"Course_Details\" style=\"color: #000000;\"><span id=\"1_Course_Details\"><strong>Course Details<\/strong><\/span><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">RBI Grade B Cracker is designed to cover the complete syllabus for the 3 most important subjects:\u00a0<strong>GA for Phase 1 and ESI + F&amp;M for Phase 2 exam.<\/strong>\u00a0Not just that, it\u00a0also includes\u00a0<strong><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/rbi-grade-b\/?ref=Rbiblog\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Mock Tests<\/em><\/a><\/span>\u00a0&amp; Live Strategy Sessions<\/strong>\u00a0for\u00a0<strong>English, Quant &amp; Reasoning\u00a0<\/strong>for Phase 1. The course aims to complete your preparation in time for the release of the official notification.<\/span><br \/>\n<u><\/u><\/p>\n<h3 style=\"text-align: justify;\"><span id=\"Features\" style=\"color: #000000;\"><span id=\"11_Features\"><strong>Features:<\/strong><\/span><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/www.oliveboard.in\/rbi-grade-b\/?ref=Rbiblog\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-61711\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/09\/unnamed-1.png\" alt=\"RBI Grade B 2020 Online Course\" width=\"497\" height=\"621\" \/><\/a><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/www.oliveboard.in\/rbi-grade-b\/?ref=Rbiblog\" target=\"_blank\" rel=\"noopener noreferrer\"><em><strong><span style=\"color: #3366ff;\">Use Coupon Code \u2018MY20\u2019 to avail a 20% discount on RBI Courses!<\/span><\/strong><\/em><\/a><\/span><\/p>\n<hr \/>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"SEBI_Grade_A_Online_Course\"><\/span><span id=\"SEBI_Grade_A_Online_Course\" style=\"color: #000000;\"><strong>SEBI Grade A Online Course<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span id=\"For_your_Complete_Phase_1_and_Phase_2_Preparations\" style=\"color: #000000;\"><strong><em>For your Complete Phase 1 and Phase 2 Preparations<\/em><\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">SEBI Grade A Cracker is a course designed to cover all the subjects under Phase I and Phase II exams.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"color: #000000;\">For Paper 1 of Phase I exam all essential subjects like Quantitative Aptitude, Reasoning, and English will be covered through video lectures.<\/span><\/li>\n<li><span style=\"color: #000000;\">For Paper 2 of both Phase 1 and Phase 2, the complete syllabus will be covered through video lessons, and notes.<\/span><\/li>\n<li><span style=\"color: #000000;\">The course will also have strategy sessions and past year paper discussions.<\/span><\/li>\n<li><span style=\"color: #000000;\">This course has been designed in such a way that it can be covered well before the examination.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><strong><em><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/sebi\/?ref=sebiblog\" target=\"_blank\" rel=\"noopener noreferrer\">Enroll for SEBI Grade A 2020 Online Course Here<\/a><\/em><\/strong><\/span><\/p>\n<h3 style=\"text-align: justify;\"><span id=\"Course_Features\" style=\"color: #000000;\"><span id=\"1_Course_Features\"><em><strong>Course Features<\/strong><\/em><\/span><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/www.oliveboard.in\/sebi\/?ref=sebiblog\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-62572 aligncenter\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/09\/daily-crtv-1.png\" alt=\"\" width=\"500\" height=\"538\" \/><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minimum Support Price and Farm Bills 2020 have been in the news for quite some time now. In this blogpost<\/p>\n","protected":false},"author":50,"featured_media":63352,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,550,2586,10237,10226,320,10247,8661],"tags":[],"class_list":["post-63291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-nabard","category-notes","category-preparation-resources","category-rbi","category-rbi-grade-b","category-rbi-sebi-nabard","category-sebi-prep","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Farm Bills 2020 and Minimum Support Price (MSP): Explained<\/title>\n<meta name=\"description\" content=\"Know all about the Minimum Support Price and Farm Bills 2020 here. 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In this blogpost let us understand what is Minimum Support Price\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.oliveboard.in\/blog\/farm-bills-2020-and-minimum-support-price-msp-explained\/\" \/>\n<meta property=\"og:site_name\" content=\"Oliveboard\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Oliveboard\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-19T12:39:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-19T13:45:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/10\/Farm-Bills-2020-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Saloni Singhal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:site\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Saloni Singhal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"11 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/farm-bills-2020-and-minimum-support-price-msp-explained\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/farm-bills-2020-and-minimum-support-price-msp-explained\/\"},\"author\":{\"name\":\"Saloni Singhal\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/6aedd7baaab0f33dc2f40834a257f88c\"},\"headline\":\"Farm Bills 2020 and Minimum Support Price (MSP): Explained\",\"datePublished\":\"2020-10-19T12:39:46+00:00\",\"dateModified\":\"2020-10-19T13:45:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/farm-bills-2020-and-minimum-support-price-msp-explained\/\"},\"wordCount\":2157,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/farm-bills-2020-and-minimum-support-price-msp-explained\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/10\/Farm-Bills-2020-1.png\",\"articleSection\":[\"Articles\",\"NABARD\",\"Notes\",\"Prep Resources\",\"RBI\",\"RBI Grade B\",\"Regulatory Exams\",\"SEBI\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.oliveboard.in\/blog\/farm-bills-2020-and-minimum-support-price-msp-explained\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/farm-bills-2020-and-minimum-support-price-msp-explained\/\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/farm-bills-2020-and-minimum-support-price-msp-explained\/\",\"name\":\"Farm Bills 2020 and Minimum Support Price (MSP): Explained\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/farm-bills-2020-and-minimum-support-price-msp-explained\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/farm-bills-2020-and-minimum-support-price-msp-explained\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/10\/Farm-Bills-2020-1.png\",\"datePublished\":\"2020-10-19T12:39:46+00:00\",\"dateModified\":\"2020-10-19T13:45:40+00:00\",\"description\":\"Know all about the Minimum Support Price and Farm Bills 2020 here. 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