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Which Crops Should Farmers Target in Rabi 2024 for Maximum Profit Based on MSP Increase?

16 October 2024, New Delhi: The recent hike in the Minimum Support Price (MSP) for Rabi crops for the 2025-26 marketing season has presented farmers with an opportunity to strategize their crop choices for maximum profit. With the government announcing significant increases in MSP for wheat, gram, lentil, rapeseed & mustard, barley, and safflower, farmers can make informed decisions to maximize their returns. This article will explain which crops offer the best profit margins and how farmers can combine crop choices for higher earnings.

Top Profit-Making Crops Based on MSP Increase

  1. Rapeseed & Mustard
    • MSP for 2025-26: ₹5,950 per quintal
    • Production Cost: ₹3,011 per quintal
    • Profit: ₹2,939 per quintal (98% margin)
    Why choose rapeseed & mustard? Rapeseed & mustard present the highest profit margin of 98% over the cost of production. This oilseed crop is especially suitable for regions with cooler climates and moderate rainfall, making it ideal for states like Rajasthan, Haryana, and parts of Uttar Pradesh. Given its high demand in the oil market and government procurement policies, farmers can expect a stable income from mustard cultivation.
  2. Lentil (Masur)
    • MSP for 2025-26: ₹6,700 per quintal
    • Production Cost: ₹3,537 per quintal
    • Profit: ₹3,163 per quintal (89% margin)
    Why choose lentils? Lentils offer the second-highest profit margin among Rabi crops, with an 89% margin over production costs. This legume is not only nutritious but also enriches the soil with nitrogen, making it a great choice for crop rotation. It is especially beneficial for farmers in Madhya Pradesh and Uttar Pradesh where lentils are grown on a large scale.
  3. Wheat
    • MSP for 2025-26: ₹2,425 per quintal
    • Production Cost: ₹1,182 per quintal
    • Profit: ₹1,243 per quintal (105% margin)
    Why choose wheat? Wheat remains the backbone of Indian agriculture, offering a 105% margin over production costs. The high MSP combined with low production costs makes wheat a consistent and reliable crop for farmers in states like Punjab, Haryana, and Uttar Pradesh. Additionally, government procurement ensures stable demand for this staple food crop.

Suggested Crop Combinations for Maximum Profit

  1. Wheat + Mustard
    • Regions: Uttar Pradesh, Rajasthan, Haryana
    • Why this combination? Wheat and mustard together form a highly profitable cropping system. Wheat offers a stable income with government procurement, while mustard brings in higher profits due to its high MSP. This combination is ideal for states with cooler winters and moderate water availability.
  2. Lentil + Mustard
    • Regions: Madhya Pradesh, Uttar Pradesh
    • Why this combination? Lentil and mustard complement each other in terms of profitability and soil health. Lentils enrich the soil with nitrogen, while mustard benefits from the nutrients for better growth. Together, these crops can maximize a farmer’s income while keeping soil fertility intact.
  3. Single Crop Option: Mustard
    • Regions: Rajasthan, Haryana, Uttar Pradesh
    • Why single crop mustard? With a 98% profit margin, mustard is the top choice for farmers looking for maximum profitability in a single cropping system. The oilseed’s high demand in the market, combined with its high MSP, ensures stable returns.

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