Which of the following statement(s) is/are correct about the ‘Minimum Support Prices’ (MSP)?
1. It is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices.
2. The MSP is announced by the Commission for Agricultural Costs and Prices at the beginning of the sowing season.
3. MSP is an entitlement of farmers and they can demand it as a matter of right.
4. Currently, the MSP is announced only on farm commodities with no coverage of commercial crops yet.
Select the correct codes from below -