Minimum Support Price for Rabi Crops 2027-28
PIB Backgrounder · Economy · Posted 29 OCT 2026 11:06AM
What happened
The Government approved increased Minimum Support Prices (MSPs) for all mandated Rabi crops for the Marketing Season 2027-28, with an estimated ₹90,962 crore to be paid to farmers for 324 lakh metric tonnes of produce. The policy aims to provide price assurance, encourage crop diversification, and streamline procurement through digital platforms like e-Samriddhi and e-Samyukti.
Why it matters for UPSC
This release illustrates the mechanism of Minimum Support Price (MSP) fixation, agricultural pricing policy, and food security management, which are crucial components of the UPSC Indian Economy syllabus under agriculture and government budgeting.
Key objectives
- Approved increased MSPs for all mandated Rabi crops for the Rabi Marketing Season (RMS) 2027-28.
- Estimated ₹90,962 crore to be paid to farmers for 324 lakh metric tonnes of produce.
- Ensures a minimum margin of 50 percent over the cost of production for mandated crops.