MSP; Minimum Support Price: No magic bullet to end farmer woes

Описание: MSP or Minimum Support price is being used by governments to ensure farmers get a profit on what they produce. But MSPs actually create more problems than they solve and are directly responsible for plethora of problems the farmer seems to be forever facing. Bisbo explains in detail how fixed prices actually are bad economics. Make sure to see the limerick at the end!

Sources:
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Mint
Satyan Bera & Utpal Bhaskar; July 19, 2013
Himanshu; July 17, 2018
Mint; Siraj Hussain; July 9, 2018

Economic TImes
Madhvi Sally; July 13; 2018
Joel Rebello; July 6; 2018

Times of India
Swaminathan Anklesaria Aiyar; July 8, 2018
Times of India, Jan 2108

Mumbai Mirror
Ajit Ranade; July 7, 2018

Bisbo's previous story on Farmer loan:
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It's no fun being a farmer in India:    • It's no fun being a farmer in India  

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Bisbo's Limerick:
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Don't forget to watch Bisbo's Limerick at the end of each video, that neatly sums up the topic.

Follow Bisbo on Twitter:
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@GoBisbo