CACP (Commission for Agricultural Costs and Prices)

The Commission for Agricultural Costs and Prices (CACP) is an Indian government body responsible for recommending minimum support prices (MSP) for various agricultural products. Its main goal is to ensure fair prices for farmers, promote agricultural sustainability, and safeguard farmers' interests. CACP evaluates the costs of production, trends in market prices, and overall agricultural policies to determine these prices. By setting an MSP, the CACP helps stabilize farmers' incomes and encourages them to produce essential crops, ultimately contributing to food security and rural development in India.