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

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  • Chintapalli, Prashant

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.

Suggested Citation

  • Chintapalli, Prashant, 2023. "Optimal multi-period crop procurement and distribution policy with minimum support prices," Socio-Economic Planning Sciences, Elsevier, vol. 89(C).
  • Handle: RePEc:eee:soceps:v:89:y:2023:i:c:s0038012123001830
    DOI: 10.1016/j.seps.2023.101671
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    References listed on IDEAS

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    1. Prashant Chintapalli & Christopher S. Tang, 2022. "Crop minimum support price versus cost subsidy: Farmer and consumer welfare," Production and Operations Management, Production and Operations Management Society, vol. 31(4), pages 1753-1769, April.
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