Buffer Stock Scheme to Solve the Problem of Food Shortage

Buffer stock scheme is a government intervention in the agricultural sector to stabilize food prices and supply. It involves the creation of a reserve stock of essential commodities, such as wheat, rice, and pulses, which are procured from farmers during the harvest season.

The main purpose of a buffer stock scheme is to solve the problem of food shortage. This is achieved by:

1. Ensuring Price Stability: The buffer stock scheme helps to stabilize food prices by buying surplus stock from farmers during harvest time and releasing it during times of scarcity. This helps to prevent price fluctuations and ensures that food is available at a reasonable price throughout the year.

2. Maintaining Food Security: The buffer stock scheme helps to maintain food security by ensuring that there is always enough food available to meet the demand. This is particularly important in developing countries where food shortages can lead to famine and other food-related crises.

3. Supporting Farmers: The buffer stock scheme also supports farmers by providing them with a guaranteed market for their produce. This helps to ensure that they receive a fair price for their crops and are not forced to sell at low prices during times of glut.

In conclusion, the buffer stock scheme is a crucial intervention in the agricultural sector that helps to ensure food security, stabilize prices, and support farmers. Its main purpose is to solve the problem of food shortage, which is a major challenge in many developing countries.

Buffer Stock is a stock of food grains that government bought from farmers and kept it safe with them in godowns, etc . in order to help people whenever there is a crisis in a country or wherever a famine occurs , so that in these situations the citizens of the country don't have to suffer. Whenever a famine occurs , there is a shortage of food and not every person have enough food stored with them for such situations , so then the government uses the buffer Stock to solve and problem of shortage of food.