Fair and Remunerative Price

Fair and Remunerative Price (FRP) is the minimum price set by authorities for crops like sugarcane, ensuring farmers receive a fair income for their produce. It considers the cost of cultivation and a reasonable profit, balancing the interests of farmers and consumers. The FRP helps prevent prices from dropping too low, protecting farmers’ livelihoods, while also maintaining affordable prices for buyers. Essentially, it acts as a baseline price to promote fair trade and sustainable farming practices.