Legalizing the Minimum Support Price (MSP) would create more challenges than it resolves.

Minimum Support Prices are the lower benchmarking of price support below which prices will not go to ensure remunerative prices for farmers. 23 crops have MSP support in India. Legalizing MSP creating challenges: (1) Athok Gulani highlighted the problem of inadequate crop diversification. eg: Wheat - Paddy MSP hike led to highscale production. (2) Issue of soil health degradation eg: N:P:K ratio at place Ideal → 4:2:1 Real → 9:3:1

However there are a few positives as well: (1) Increased assured income support for farmers. (2) Incentives for improved productivity. (3) Adopt technology and modernization to increase yield. (4) Rural population development through better incomes. Way forward → Diversification to high value crops eg: Horticulture 9-30% Agriculture GVA Localized market prices through support regime. Adoption of technology and increased capacities of existing APMCs. The profile like Digital Agriculture Mission through large of AgriTech act well instead towards unprecedented advantages and double income.

— Ayush Pathak · AIR 215