The Food Corporation of India was established in 1964 to fulfill key objectives of India's food policy including price support for farmers, public distribution of food grains, maintenance of food buffer stocks, and market regulation to provide affordable food prices. It plays a critical role in transforming India's food security from a crisis management system to a stable security system. Some of its main functions include procuring and storing food grains, distributing them through ration shops, transporting supplies between surplus and deficit regions, and announcing minimum support prices to help farmers.