CONTENTSExecutive Summary 1 1. Introduction 19 1.1 Overview of Topic 19 1.2 Focus of Study 19 1.3 Research Questions 20 1.4 Objectives 20 1.5 Brief Methodology 21 2. MSP, Its Implications and Prevailing Issues 23 2.1 Literature Review 23 2.2 The Need for Reappraisal of Minimum Support Price 25 3. Agricultural Pricing Policy 27 3.1 Evolution of Agricultural Pricing Policy 27 3.2 Making of an Agricultural Pricing Policy 28 3.3 Role of CACP 33 3.4 MSP and its components 34 3.5 Comprehensive Scheme for Cost of Cultivation of Principal Crops 34 3.6 Computation of Cost of Cultivation in other countries 38 3.7 Role of FCI & PDS of Food Articles 39 3.8 Implementation Process of MSP 41 4. Indian Agriculture Economy 42 4.1 Trend in Area, Production and Yield 42 4.2 Domestic Situation (Gross & Net Production, Procurement, Off take, Export & open Sale) and Demand & Supply of Agricultural Produces in India 47 4.3 Import and Export 52 4.4 World Market at glance 54 5. Dynamics of MSP, WPI, Terms of Trade & Inter crop Price parity 56 5.1 Breakup of Cost of cultivation 56 5.2 Comparison of MSP and WPI 60 5.3 Procurement, Storage and Distribution of Food grains by marketing Agencies (Food grain management Policy) 64 6. Conclusion 72 Bibliography 76