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Speaker NA Presents Agricultural Growth Strategy

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Islamabad, February 8th Feb , 2021: The Speaker of the National Assembly handed over a comprehensive and integrated structural reforms oriented agricultural growth strategy for the next 7 years to Minister for National Food Security and Research and Sub-committee of the Cabinet on Agriculture.

The chief components of the strategy include Special initiatives for Balochistan, South Punjab, KP, Tharparkar, Cotton Revival program, Oilseed Development, Low-Cost Refinance Line of Credit & Credit Enhancement for Digital Production Finance, Digitization of Demand-Driven Extension Content, Integrated Seed System, Agriculture Climate Change Insurance Pool (Farmer Risk Transfer Mechanism) /Satellite-based Crop Reporting), Establishment of Agriculture Development Authority for Coordination of Reform Implementation, linkages with Ehsaas, Kamyab Jawan and CPEC and incentives for promoting investment in warehousing, contract farming and farmers produce organisations.

He added that the overarching objective is to achieve Agriculture growth rate of 7.5% p.a. by FY 2027-28 led and sustained by producer-owned integrated market-based value chains that incentivize producers to continue investing in modern and climate-smart production technologies, expansion of cultivated land area and value added activities

It was added that the overarching goal of the proposed strategy is to boost agricultural exports, accelerate rural-development driven economic growth, reduce rural poverty, enhance financial and gender inclusion in agricultural sector.

It was added that the proposed model envision a pro-poor growth strategy focusing on transformation of the business model of the 7.4 million smallholder farmers who cultivate 48% of the total cultivable land. It was stated that the weak business model of the smallholder farmers comprising low bargaining power, low access to finance, low yields, fragmented market segment, lack of access to competitive markets and high production cost hindered the modernization of the agriculture sector.

It was maintained that the proposed strategy drawing upon eco-system based, multi-pronged three phased stagey seeks to transform Pakistan’s subsistence agricultural into modern, diversified, competitive and high-value agriculture with a particular focus productivity and profitability of the smallholders’ farmers.

The Speaker added that the plan is to accelerate the modernization of agriculture sector so that the sector can generate resources for the sustained development of the economy with a high degree of self-reliance.

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