Usually, middlemen benefitted more in the
farm sector because of inadequate marketing facilities, he said.
Landbank's loans to the
farm sector reached P172 billion or 24 percent of the bank's total loan portfolio for priority sectors in the first quarter of the year, and the number is expected to swell throughout the year.
Farm sector suicides in Kerala have been rare in the past when commodity prices were enjoying a bounce, but the ground reality has altered significantly after prices of various commodities crashed in recent months.
The government first formulated the national agriculture policy in 1999 for making the crop production system profitable and then amended it in 2013 aiming to tackle other challenges including the adverse impact of climate change in
farm sector. The cabinet approved the policy on July 9, 2018 with Prime Minister Sheikh Hasina in the chair.
Important areas which require investment include physical infrastructure, social sector and
farm sector, he said.
According to the most recent official USDA Farm Income and Wealth Statistics data (2018),
farm sector debt has grown by more than 50% since the Great Recession began.
The
farm sector also edged back into positive territory with a growth rate of 1.2 per cent during the fiscal year after having contracted in 2014- 15 due to the monsoon failure.
The distress in
farm sector, accentuated by the failure of monsoon rains for two consecutive years, has required a reassessment of the role the government could play in the sector.
Second, the
farm sector is vastly better off economically that the rest of the country.
Summary: The Chinese
farm sector has the potential to grab a major share of the growing bilateral trade with the UAE, which is now dominated by manufactured goods and stands at $15.6 billion in 2012.
ISLAMABAD -- Total agriculture credit requirements have been estimated at Rs 750 billion for the current financial year, out of which Rs.650 billion would be required for
farm sector and Rs.108 billion for non
farm sector.
The highly protected
farm sector is a major obstacle for Japan to join the U.S.-led Trans-Pacific Partnership trade negotiations involving nine countries, including major farm exporters the United States and Australia.
