Budget 2018: This is what the agriculture sector wants from FM Arun Jaitley

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Budget 2018 Agriculture Sector

Small landholding: Since the bulk of farmers have less than 2 hectares of land, there is a difficulty in getting the benefits of ‘economics of scale’

Limited access to technology and extension: Farmers still do not have access to better technology. Also, effective dissemination of information from lab to land remains a challenge

Storage: We need to come a long way in terms of availability and access of agricultural storage facilities for farmers

Price volatility: The agri sector faces the Cobweb phenomenon, so there always exists a need to ensure farmers get remunerative prices

Market integration: Farmers need to be better connected to the end-consumer. The number of stakeholders across the value chain needs to be reduced

Industry ask
Better environment for start-ups in food and agri business
Greater technological investments in the field of agriculture
Simplified leasing norms for setting up processing infrastructure
Corporate farming norms to be made more acceptable and balanced for both farmers and corporates; buying and selling outside APMCs
Increased involvement of private players for increasing storage infrastructure
eNam should be implemented seamlessly over all markets and commodities
Better mechanism for price stabilisation of agri commodities

At a glance
$252.82 bn - Combined gross value added (GVA) by agri, forestry and fishing at constant prices in FY17
20% - The industry’s CAGR from FY14 to FY17
58% - The proportion of India’s population for which agri is primary source of livelihood
$148.74 billion - Allocation to the sector and for and welfare of farmers in Union Budget 2017-18
$2.45 bn - Combined FDI equity inflow into agri services and machinery sectors from April 2000 to June 2017, according to DIPP data
$7.81 bn - FDI equity inflow into the food processing sector during the same period. Seemore

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