The Comprehensive cost (cost C2) includes imputed costs of family labour and rent of owned land, as also the imputed interest on owned capital.
The National Commission on Farmers has recommended a 50 % margin over C2, which is also the demand of the farmers.
“The future of agriculture depends on the impact we can make on production, procurement and prices. These should be attended to concurrently”, he said in a press release.
Prime Minister Narendra Modi on Friday while addressing the country, announced the government’s decision to repeal the three farm laws, which were at the centre of protests by farmers for the last one year.