What is buffer stock ? Why was it created by the government

1.	What is buffer stock ? Why was it created by the government
Answer» The FCI purchases foodgrain from farmers in state where there is surplus of production. Farmers are paid and pre-announced called minimum support price (MSP). The MSP declared by the government every year before soeing season to provide incentives to farmers for raising the production of these crops. See in the topic & xam idea Buffer stock is a stock of foodgrains namely wheat and rice procured by the food cooperation of india. To ensure the availability of food grains in a country. Govt has created the buffer stock The goods collected in Godown is called buffer stock and it is kept because it can help in any situation.

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