The finance minister in the Union Budget 2018–19 has announced the proposal to fix the minimum support prices (MSP) at 50% in excess over the cost of production of crops. This article argues that even if it is implemented properly, the MSP will benefit only a small section of farmers. It argues that along with the MSP, proper implementation of non-price factors can have a far-reaching impact in terms of enhancing the livelihood security of the rural poor that constitutes the bulk of the Indian population.