Hacker News new | ask | show | jobs
by rdedev 1952 days ago
Minimum Support Price. The government buys certain crops at a minimum rate from the farmers to protect them from sudden market fluctuations

https://en.m.wikipedia.org/wiki/Minimum_support_price_(India...

1 comments

Interesting. Is there a maximum price as well to support those who buy food? Usually when you are talking about agriculture, the big risk is in a sudden supply collapse leading to price spikes, not a sudden supply explosion leading to price drops.
There are laws against hording. Currently government is the biggest seller of grain charging 3 cents per a kilo.