Agriculture As farmers protest, here's a look at what MSP is and why it is important Updated : September 22, 2020 09:25 PM IST MSP is a shield that protects the farmer from sudden dip in prices. On Monday the cabinet committee on economic affairs (CCEA) gave nod to hiking the MSP for key rabi crops for 2020-21. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.