Agricultural Price policy:

• The Floor Price Scheme has been implemented in Karnataka to ensure price stability and to protect the interests of the farmers against distress sale of agricultural commodities. It will be announced as and when there is a market glut. To operate this scheme, an amount of Rs. 100.00 crores is earmarked under floor price fund (revolving fund).
• The Minimum Support Price (MSP) as announced by GOI is operational in Karnataka
• MSP for paddy for the year 2008-09 is as follows:

Paddy (Common):                    Rs. 850 per quintal

Paddy (Grade 1):                      Rs. 880 per quintal