Repealing of these farm laws would be like robbing the rights of more than 90% of farmers who never gained from the MSP system and who are largely small and marginal farmers. Asking for making MSP statutorily binding even on the private sector will be anti-farmer.
It is apparent in villages/rural areas that commission agents, middle men and traders are far more wealthier than farmers. The reason is simple and well-established: i.e. earning huge profits and exploiting farmers (especially small and marginal) wherever possible.
The main idea behind the three consolidated Acts—viz. the Farmers’ Produce Trade and Commerce Act 2020, the Farmers Agreement on Price Assurance and Farm Service Act, 2020, and the Essential Commodities (Amendment) Act, 2020—is reducing the dreadful loss to the producer.
MSP, as of now, benefits hardly 6% of farmers cultivating mainly wheat and rice, with an annual outgo of Rs 2-3 lakh crore, and it includes all the paid-out cost and the imputed value of family labour.
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