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CACP Full Form  CACP - C ommission for A gricultural C osts and P rices urstewatia.com What is CACP CACP stands for Commission for Agricultural Costs and Prices. It is a statutory body established in 1965 under the Ministry of Agriculture and Farmers' Welfare, Government of India. The primary objective of CACP is to recommend minimum support prices (MSPs) for various agricultural commodities to the government of India. CACP makes its recommendations on the basis of an analysis of the cost of production of different crops, market prices, and other relevant factors. The MSPs recommended by CACP are intended to ensure remunerative prices to farmers for their agricultural produce and to protect them from market fluctuations and price volatility. Apart from recommending MSPs, CACP also provides advice and guidance to the government on agricultural policies, procurement, and other related issues. It also undertakes studies and research on various aspects of agricultural production, marke...