MSP (Minimum Support Price) 2026 Current Affairs: Latest MSP Rates (Kharif 2025-26 + Rabi 2026-27), CACP, Formula & UPSC/ICAR Notes

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MSP for Current Affairs (2026): Full Notes + Latest Updates

Minimum Support Price (MSP) is one of the most important Agriculture current affairs topics for exams like UPSC, ICAR JRF, CUET PG, AFO, AAO/ADA, RAEO, and all agriculture competitive exams.

In 2025–26 and 2026–27, MSP remains in news due to:

  • Government MSP hikes for Kharif and Rabi seasons

  • Farmer organisations demand legal guarantee of MSP

  • Debate on C2+50% formula (Swaminathan Commission)

1) What is MSP?

MSP = Minimum price fixed by Government of India at which crops are procured to protect farmers when market prices fall below production cost.

MSP is:

  • Announced before sowing season

  • Approved by CCEA (Cabinet Committee on Economic Affairs)

  • Based on recommendations of CACP (Commission for Agricultural Costs & Prices)

2) Why MSP is important in India?

MSP ensures:
✅ Farmer income support
✅ Price stability in agriculture markets
✅ Food security (buffer stock via procurement)
✅ Crop diversification (millets/pulses/oilseeds)

3) Latest MSP Update for Kharif Crops (Marketing Season 2025-26)

Government approved MSP for 14 Kharif crops in May 2025.

🔥 Key Kharif MSP Highlights (Most asked in exams)

  • Paddy (Common): ₹2369/quintal

  • Paddy (Grade A): ₹2389/quintal

  • Jowar Hybrid: ₹3699/quintal

  • Jowar Maldandi: ₹3749/quintal

  • Bajra: ₹2775/quintal
    (Official MSP notification available)

👉 Current affairs point: Millets (Shri Anna) are being supported strongly with MSP hikes and procurement.

4) Latest MSP Update for Rabi Crops (Marketing Season 2026-27)

Government increased MSP of Rabi crops for RMS 2026–27 in Oct 2025.

🔥 Key Highlights

  • Highest MSP increase announced for:

    • Safflower: +₹600/quintal

    • Masur (Lentil): +₹300/quintal

  • Also increased MSP for:

    • Rapeseed & Mustard

    • Gram (Chana)

    • Barley

    • Wheat

5) MSP Formula / Cost Concepts (VERY IMPORTANT FOR UPSC + ICAR)

CACP uses cost concepts like:

  • A2 = paid-out cost (seed, fertilizer, labour hired etc.)

  • A2 + FL = A2 + family labour

  • C2 = A2 + FL + rental value of land + interest on fixed capital

Current Debate (Current Affairs)

Farmers demand MSP should be fixed at:
✅ C2 + 50% (Swaminathan Commission formula)

6) MSP vs Procurement Price (MCQ Point)

Many students confuse this:

MSP = announced before sowing for farmer protection
Procurement price = actual purchase price by agencies (often MSP or sometimes slightly different)

7) Crops Covered Under MSP

MSP covers 23 crops, mainly:

  • Cereals: rice, wheat, maize, millets

  • Pulses: gram, tur, moong, urad etc.

  • Oilseeds: mustard, soybean, sunflower etc.

  • Commercial crops: cotton, jute, copra

8) MSP is in news (2025-26 current affairs angle)

⭐ Price Deficiency Payment Scheme (PDPS)

Some states use price deficiency scheme where government pays difference if market price < MSP (example: MP Bhavantar Yojana).

9) MSP: Most Repeated Exam Questions (2026)

✅ Expected MCQs / One-liners

  1. MSP is recommended by → CACP

  2. MSP is approved by → CCEA

  3. MSP announced before → Sowing season

  4. MSP based on → Cost of production + margin

  5. Swaminathan formula → C2 + 50%

  6. Kharif MSP 2025-26 paddy common → ₹2369/q

  7. Kharif MSP 2025-26 Bajra → ₹2775/q

  8. Rabi MSP season name → RMS (Rabi Marketing Season)

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