Reaping Benefits of Highest MSP And Procurement, Punjab Farmers Still Protesting | News18 | N18V

Reaping Benefits of Highest MSP And Procurement, Punjab Farmers Still Protesting | News18 | N18VPunjab’s farmers are protesting against the Centre, demanding a law guaranteeing minimum support price (MSP) for their crops. But not only do Punjab’s farmers get the highest return for paddy and wheat crops over their cost of production — in short, the most favourable MSP — but they also see the maximum quantity of their crop being procured at that rate than any other state, government reports show.Sample this: MSP procurement happened for 99 per cent of the paddy crop in Punjab and 74 per cent of the wheat crop in the state in the last season for which data is available, the most recent government report says. The total quantity of rice procured in the last season was the highest in Punjab at 12.3 million tonnes, with the state’s share in paddy procurement being the highest in the country at almost 22 per cent. This is though Punjab accounts for 10 per cent of the rice production in the country. Nearly 74 per cent of the wheat produced in Punjab was procured at MSP in the 2023-24 season, and the state had the highest procurement share of almost 40 per cent in the country. The wheat procurement in Punjab in the latest season grew by 25 per cent.