With reference to the Minimum Support Prices (MSP), consider the following statements :
1. It is the price fixed by State Government to protect the producer-farmers against excessive falls in price during the bumper production years.
2. It is announced just after the sowing season for certain crops.
3. It is announced on the basis of the recommendations of the Department of Agriculture & Cooperation.
Which of the statements given above is/are not correct?
1
2 only
2
1 and 3 only
3
2 and 3 only
4
1, 2 and 3