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The Commission for Agricultural Costs and Prices (CACP) provides the government with recommendations on minimum support prices (MSPs) for major crops based on detailed cost of cultivation data. The CACP collects cost data through state agricultural universities and projects costs to the current year using input price indices to account for price changes. Key factors in determining MSPs include incentivizing production, prices of inputs, and balancing producer and consumer interests. The CACP methodology inv

Author
Jenarani Swain
Language
EN

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