---
title: "Minimum Support Price Definition | Model Diplomat"
description: "Minimum Support Price is the government-set floor price for crops in India, protecting farmers from distress sales and market fluctuations."
url: "https://modeldiplomat.com/learn/glossary/minimum-support-price"
---

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Model Diplomat Research Team · Last reviewed June 22, 2026

TL;DR

- Minimum Support Price is the government-announced floor price at which state agencies procure specified crops to insulate farmers from distress sales.
- Which body recommends the Minimum Support Price?
- How many crops are covered under MSP and what are the cost concepts used?
- Is MSP a legal right of farmers?
- What did the Swaminathan Commission recommend regarding MSP?

[Civil Service & Diplomatic Exams](https://modeldiplomat.com/learn/civil-services/glossary)Updated June 22, 2026

Minimum Support Price is the government-announced floor price at which state agencies procure specified crops to insulate farmers from distress sales.

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In June 2024 the CCEA, on the CACP's recommendation, raised the MSP for common-grade paddy for the 2024-25 kharif marketing season, continuing the policy of fixing it above the A2+FL cost.

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