Bihar Farmers Face Severe Income Losses Due to MSP Formula Non-Implementation
Bihar's farmers suffered a massive financial hit in 2024-25, losing approximately Rs 10,000 crore due to the non-enforcement of the Swaminathan Commission's C2+50% Minimum Support Price formula. The AIKS claims that, collectively across India, farmers missed out on Rs 24 lakh crore over nine years due to its non-implementation.
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- India
In a startling revelation, Bihar's farmers have reportedly lost around Rs 10,000 crore in the 2024-25 season alone. The losses stem from the non-implementation of the Minimum Support Price calculated using the C2+50 per cent formula recommended by the Swaminathan Commission, according to statements from the All India Kisan Sabha (AIKS).
The AIKS highlighted that if the formula was applied, farmers across regions could have seen earnings increase by Rs 3 lakh crore in 2024-25. Over the past nine years, the cumulative income loss due to this oversight is estimated at Rs 24 lakh crore, suggesting a significant economic impact on the agriculture sector.
The criticism follows longstanding grievances about the state's decision to dismantle the Mandi system and the insufficiency of government support initiatives like PM-KISAN amid rising production costs. In response, the AIKS and its affiliates are set to intensify their campaign against the government's handling of agricultural policies in Bihar.
(With inputs from agencies.)
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- Farmers
- MSP
- AIKS
- Bihar
- Swaminathan Commission
- agrarian distress
- Kharif
- Rabi
- crop losses
- PM-KISAN
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