Optimal multi-period crop procurement and distribution policy with minimum support prices

Prashant Chintapalli

Socio-Economic Planning Sciences, 2023, vol. 89, issue C

Abstract: Governments of many developing countries offer minimum earnings to farmers through crop Minimum support price (MSP), which guarantees minimum revenue to farmers who cultivate the crop. The crop procured by a government through MSP is later distributed among poor consumers at subsidized prices through public distribution systems (PDS). Thus, governments combine MSP with the PDS scheme to simultaneously ensure farmers’ welfare and tackle poor consumers’ hunger and nutrition problems.

Keywords: Minimum support prices (MSP); Public distribution system (PDS); Agricultural supply chains; Subsidies; Emerging economies; Government and public policy (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceps:v:89:y:2023:i:c:s0038012123001830

DOI: 10.1016/j.seps.2023.101671

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