Section 64C(2) in Karnataka Agricultural Produce Marketing Act 1966
(2)"Minimum support price" means the minimum support price fixed by the State Government for purchase of notified agricultural produce (other than the commodities with reference to which minimum support price is fixed by the Government of India) due to fall in market price. While fixing the minimum support price the State Government may take the following factors into consideration namely: -(a)price of the notified agricultural produce;(b)cost of production of such notified agricultural produce;(c)recommendation of a technical expert committee if any appointed by the State Government for this purpose;(d)fair average quality of the commodity;(e)reasonable profit margin to the producer.(f)such other factors as may be ordered by the Government in the scheme.]
