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The minimum support price protects farme...

The minimum support price protects farmers against which of the following ?

A

Crop failure due to unexpected diseases or insect infections

B

The high rate of interest from the local currency lenders

C

Extreme drought, flood or any other natural disaster

D

Excess fall in prices during bumper production

Text Solution

Verified by Experts

The correct Answer is:
D
MSP provides a guarantee to the farmer that their production will be sold at least at the price which is pre-decided by the government. So, during the condition of bumper production farmers have a security that price will not fall.
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