What is MSP | The MSP is a minimum price guarantee that acts as a safety net or insurance for farmers when they sell particular crops. These crops are procured by government agencies at a promised price to farmers and the MSP cannot be altered in any given situation. The concept of MSP, therefore, protects the farmers in the country in situations where crop prices fall drastically. Wheat and rice are among the top crops that are procured by the government at MSP from the country’s farmers. A total of 22-23 crops are procured under MSP.
https://www.indiatoday.in/india/story/explained-what-is-msp-and-why-farmers-are-protesting-over-it-1726658-2020-09-29