Paddy farmers face ₹3.07 lakh crore loss; Samyukta Kisan Morcha calls nationwide protests
The Samyukta Kisan Morcha (SKM) claims that paddy farmers face a potential loss of ₹3.07 lakh crore due to low procurement prices and the government's failure to implement the C2+50% MSP formula. The coalition has announced nationwide protests to demand guaranteed pricing.
Why it matters
Agricultural pricing policies and farmer protests are significant drivers of economic and political tension in India.
Paddy farmers across India could lose ₹3.07 lakh crore in the 2026-27 marketing season as most of their produce is sold below the price sought by farmers’ organisations, the Samyukta Kisan Morcha (SKM) has claimed.
The Union government has fixed the minimum support price (MSP) for paddy at ₹2,441 a quintal, against its demand for ₹3,243 under the C2+50% formula (As per the formula, MSP will be calculated at 50% above the comprehensive cost of production[C2]). But government agencies are procuring only 10% of the crop, leaving the remaining 90% to be sold in the open market at a much lower price of ₹1,850 a quintal.
Based on these figures, the SKM has found that the total loss to paddy farmers alone will be ₹3.07 lakh crore, which is about 6% of the total national Budget.
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