The Government fixes Minimum Support Prices (MSPs) annually for 22 mandated agricultural crops based on recommendations from the Commission for Agricultural Costs & Prices (CACP). This considers views from State Governments and Central Ministries/Departments. The crops include 14 Kharif crops (paddy, jowar, bajra, maize, ragi, tur (arhar), moong, urad, groundnut, soyabean, sunflower, sesamum, nigerseed, cotton) and 6 Rabi crops (wheat, barley, gram, masur (lentil), rapeseed & mustard, safflower) and two commercial crops (jute and copra).
The Union Budget for 2018-19 mandated MSPs to be at least 1.5 times the cost of production, with the government increasing MSPs to provide a minimum 50% return over the all India weighted average cost of production from 2018-19 onwards.
Procurement and MSP value of MSP Crops:
* **2022-23:** Total Procurement: 1,118 LMT; Total MSP Value: 2.47 lakh Crore
* **2023-24:** Total Procurement: 1,089 LMT; Total MSP Value: 2.63 lakh Crore
* **2024-25:** Total Procurement: 1,223 LMT; Total MSP Value: 3.47 lakh Crore
This information was provided by the Minister of State for Agriculture and Farmers Welfare, Shri Ramnath Thakur in a written reply in Lok Sabha. The release ID is 2222802, and the visitor counter is 230. The release was posted on February 3, 2026 at 8:12 PM by PIB Delhi. The reference number is RC/PU/506.
Key Entities Referenced
Minimum Support Prices (MSPs): Government-fixed prices to protect farmers from price fluctuations, applicable to 22 agricultural crops.
Commission for Agricultural Costs & Prices (CACP): The body that makes recommendations for Minimum Support Prices (MSPs) to the Government.
Ministry of Agriculture & Farmers Welfare: The central ministry responsible for setting agricultural policy, including MSPs.
Ministry of Agriculture & Farmers Welfare
Government Fixes MSPs for 22 Crops Annually
Based on Commission for Agricultural Costs &
Prices Recommendations
Posted On: 03 FEB 2026 8:12PM by PIB Delhi
Every year, Government fixes Minimum Support Prices (MSPs) for 22 mandated agricultural crops for the
country as a whole, based on the recommendations of Commission for Agricultural Costs & Prices
(CACP), after considering the views of State Governments and Central Ministries/Departments concerned.
The 22 mandated crops include 14 Kharif crops viz. paddy, jowar, bajra, maize, ragi, tur (arhar), moong,
urad, groundnut, soyabean, sunflower, sesamum, nigerseed, cotton and 6 Rabi crops viz. wheat, barley,
gram, masur (lentil), rapeseed & mustard, safflower and two commercial crops viz. jute and copra.
The Union Budget for 2018-19 had announced the pre-determined principle to keep MSPs at levels of at
least one and half times of the cost of production. Accordingly, Government had increased MSPs for all
mandated Kharif, Rabi and other Commercial crops with a minimum return of 50 percent over all India
weighted average cost of production from year 2018-19 onwards.
Increased MSP has benefited farmers of the country which are evident from data of procurement and MSP
amount paid to the farmers. The details of procurement and MSP amount paid to farmers from Crop Year
2022-23 to 2024-25 are given as under:
Procurement & MSP value of MSP Crops
All MSP Crops 2022-23 2023-24 2024-25
Total Procurement 1,118 1,089 1,223
(In LMT)
Total MSP Value 2.47 2.63 3.47
(In lakh Crore)
This information was given by Minister of State for Agriculture and Farmers Welfare, Shri Ramnath
Thakur in a written reply in Lok Sabha today.
******
RC/PU/506
(Release ID: 2222802) Visitor Counter : 230Read this release in: Gujarati , Kannada