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● Statement 1 is incorrect: The Swaminathan Committee prescribed three variables to determine the production cost. These three variables are: ‘A2’-Covers all paid-out costs directly incurred by the farmer in cash and kind on seeds, fertilisers, pesticides, hired labour, leased-in land, fuel, irrigation, etc. A2+FL that Includes A2 plus an imputed value of unpaid family labour and ‘C2’ which is a more comprehensive cost that factors in rentals and interest forgone on owned land and fixed capital assets, on top of A2+FL. Swaminathan Commission recommended a 50% margin over C2 At present, The CACP considers both C2 and A2+FL costs to determine the MSP. CACP considers the A2+FL formula for return and C2 formula as a benchmark reference costs to make sure that the MSP covers the production cost. The Government announce the MSP on recommendation of CACP. ● Statement 2 is correct: The CACP does not do any field-based cost estimates itself. It makes projections using state-wise, crop-specific production cost estimates provided by the Directorate of Economics & Statistics in the Agriculture Ministry which are generally available with a three-year lag. ● Statement 3 is correct: The Commission for Agricultural Costs & Prices (CACP) recommends MSPs for 22 mandated crops and fair and remunerative price (FRP) for sugarcane.The list of crops are - Paddy, wheat, barley, jowar, bajra, maize and ragi,Gram, arhar/tur, moong, urad and lentil,Groundnut, rapeseed/mustard, toria, soyabean, sunflower seed, sesamum, safflower seed and niger seed,Raw cotton, Raw jute, Copra, De-husked coconut, and Sugarcane (Fair and remunerative price).
Minimum land lease period required to setup mega food park is
Match the following plant hormones with their respective functions:
Central inland fisheries research institute was establishment in?
Which of the following steps is not included in aseptic packaging?
THE MAJOR ACTIVITIES OF AGRICULTURAL EXTENSION DIVISION ARE..?
Which of the following is the source of agro-industries organic waste?
Trogoderma granarium is important stored grain pest which is commonly known as:
Water activity of IMF
PMFBY was started in which year?
How much subsidy is given to SC/ST, small & marginal, women & farmers of NE states to buy Kisan drones?