The Union Budget for _________ announced that farmers in India would be given an MSP of at least one and a half times the cost of production.
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The cost of production is estimated by the Commission for Agricultural Costs and Prices (CACP) under three main categories: $A2$ (paid-out costs), $A2+FL$ (paid-out costs plus family labor), and $C2$ (comprehensive cost including land rent and capital interest).