What is the Full Form of CACP?

The full form of CACP is Commission for Agricultural Costs and Prices, It is a decentralized government of India agency that was established in 1965. It is a professional organization that makes recommendations for Minimum Support Prices (MSPs) after taking numerous aspects into account.

Also Read: Agriculture Colleges in India

Facts About CACP

• At first, the Commission for Agricultural Costs and Prices (CACP) was known as the Agricultural Prices Commission. The Commission on Agricultural Costs and Prices was the name under which it was renamed in 1985.

• The Cabinet Committee on Economic Affairs (CCEA) receives recommendations for MSPs for the recognized Kharif and Rabi crops from the CACP, an expert committee. 

• It is a statutory commission that reports to the Indian government’s Ministry of Agriculture & Farmers’ Welfare.

Also Read: BSc Agriculture

Role of CACP

• It aids farmers in understanding the worth of their harvest.
• Since farmers are aware of the real worth of their products, it keeps them out of a vicious cycle of debt.
• Every year, CACP provides the government with its recommendations through Price policy reports.
• While preparing the reports, CACP considers the impact of the suggested price on the economy.
• The committee also pays a surprise visit to the state to examine the situation of the farmers, changes in prices, and product marketing.

This was all about CACP full form. Visit the General Knowledge page to discover more list of full forms. Get in touch with the experts at Leverage Edu in order to kickstart your study abroad journey.