Effectiveness of the Minimum Support Price on Allocation Decisions, Adaption of Technology, Cost of Cultivation and Land Use of Agriculture Economy | Original Article

ABSTRACT:

In this Paper, we mean to investigate the adjustments in the cropping pattern. These progressions can't be ascribed to MSPPrices alone however reflect a combined impact of numerous such factors. This is reflected through the information on cropping pattern before 10 years and the present cropping pattern. Hypothetically, it might be contended that the memory failures may go about as limitation to recall a circumstance decade back however it didn't demonstrate troublesome amid our hands on work. We additionally expect to dissect the effect on the use of information sources and land and different resources other than adoption of socially attractive cropping pattern. Encouraging the adoption of new technology is one of the essential elements of the MSP policy. Consequently, adoption of improved technology and their relative commitment in expanding the production and productivity of the predefined crops turns into a fundamental backup of the price policy, and in this manner inspecting adoption of technology was taken as an essential perspective with the end goal of our examination. The present investigation has been embraced with the emphasis on effectiveness of the Minimum Support Prices in its effect on different parameters of agrarian economy. These incorporate development parameters, dissemination angles, decision-production in the allocation of resources, environmental impacts