How did cooperative marketing help in realising fair prices for farmer's products?
Answer & explanation
Correct answer: option 1
The correct answer is Option 1: Collective bargaining
Under cooperative marketing system, the farmers came together and form marketing societies to bargain collectively to sell their produce at an adequate price. Example: Gujrat's success of milk cooperatives, who pooled their milk together and sold them at a fair price and enjoyed profits.
By pooling resources and collectively negotiating, cooperatives could leverage better prices for their members. While MSP (Minimum Support Price) and monitoring by marketing committees also play roles in supporting fair prices, collective bargaining is a direct mechanism used by cooperatives to achieve fair pricing.