MSP; Minimum Support Price: No magic bullet to end farmer woes
MSP or Minimum Support price is being used by governments to ensure farmers get a profit on what they produce. But MSPs actually create more problems than they solve and are directly responsible for plethora of problems the farmer seems to be forever facing. Bisbo explains in detail how fixed prices actually are bad economics. Make sure to see the limerick at the end!
Sources:
------------
Mint
Satyan Bera & Utpal Bhaskar; July 19, 2013
Himanshu; July 17, 2018
Mint; Siraj Hussain; July 9, 2018
Economic TImes
Madhvi Sally; July 13; 2018
Joel Rebello; July 6; 2018
Times of India
Swaminathan Anklesaria Aiyar; July 8, 2018
Times of India, Jan 2108
Mumbai Mirror
Ajit Ranade; July 7, 2018
Bisbo's previous story on Farmer loan:
----------------------------------------------------
It's no fun being a farmer in India: • It's no fun being a farmer in India
Bisbo's other related stories:
--------------------------------------
Tuticorin's Sterlite copper plant; was politics responsible for the violence? • Tuticorin's Sterlite copper plant; wa...
The Ratnagiri oil refinery in collaboration with Saudi Aramco, will be largest in the world: • The Ratnagiri oil refinery in collabo...
Why protectionism is bad for India: • Why protectionism is bad for India
Oil prices continue to rise in 2018: • Why oil prices will remain stable in ...
India’s beef ban. How a badly implemented ban will pull down ‘India Shining’: • Will India’s beef ban will pull down ...
Bisbo's Limerick:
---------------------
Don't forget to watch Bisbo's Limerick at the end of each video, that neatly sums up the topic.
Follow Bisbo on Twitter:
--------------------------------
@GoBisbo
