Relationship between Agriculture Price Mechanism and Poverty in Different Sizes of Agriculture Land Holdings

An increase in agricultural labour and a decline in cultivators' percentage, along with 21.9% of the Indian population or 269.78 million people living under the poverty line, requires restructuring the economic policies and massive agricultural reforms. The paper explores the Indian government's agriculture price mechanism tool, Minimum Support Price (MSP), which ensures that at least farmers get the government-announced minimum price for their agricultural produce. The research probes the role of MSP in addressing the prevailing agricultural poverty and how different farmers with different land holdings benefit from it.