CACP full form - see other details - urstewatia.com

CACP Full Form 

CACP - Commission for Agricultural Costs and Prices

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What is CACP

CACP stands for Commission for Agricultural Costs and Prices. It is a statutory body established in 1965 under the Ministry of Agriculture and Farmers' Welfare, Government of India. The primary objective of CACP is to recommend minimum support prices (MSPs) for various agricultural commodities to the government of India.

CACP makes its recommendations on the basis of an analysis of the cost of production of different crops, market prices, and other relevant factors. The MSPs recommended by CACP are intended to ensure remunerative prices to farmers for their agricultural produce and to protect them from market fluctuations and price volatility.

Apart from recommending MSPs, CACP also provides advice and guidance to the government on agricultural policies, procurement, and other related issues. It also undertakes studies and research on various aspects of agricultural production, marketing, and pricing.

CACP's recommendations are an important factor in the government's decision-making process regarding the pricing and procurement of agricultural produce. The MSPs recommended by CACP are used as the benchmark for government procurement of various crops such as wheat, rice, and pulses, and play a crucial role in ensuring food security in the country.

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