Why does the government usually maintain a buffer stock of grains? Upsc

Agriculture Produce in India

What is buffer stock? It is a stock of foodgrains such as wheat, rice, etc. These are procured by the government of India by the Food Corporation of India (FCI). The FCI procures the foodgrains from the farmer in states where there is surplus production and at the preannounced price which is called Minimum Support … Read more