Page 62 - IBT Sept 2021 (1)

Agro Industry REAPING
THE BENEFITS

percent—as opposed to manufacturing (7.5%) farmers has been replaced by some middle-men Axial Flow Pumps Acceleration Financial Innovation.
and the services sector (6.2%). in recent years. In addition, this sector is
Nevertheless, even though the relative hindered by extensive pressure on arable land, The axial flow pump is an inexpensive surface water irrigation Farmers tend to have fluctuating seasonal
significance of income and employment from unjust prices, inadequate access to inputs and technology that can lower costs up to 50 percent at areas revenue. Even though there are various
agriculture has fallen in Bangladesh, the resources, and climate change risks. where the water source is close to the field surface, and Microfinance Institutions (MFI), that support
absolute contribution has increased. On therefore is easy to pump up to irrigate fields. farmers in accessibility of farm equipment,
average there has been a 40 percent increase Seasons of Challenge and state-subsidized purchase options, there
over the last few years. Additionally, a Expediting Extraction exists no national organization or entity that
significant fraction of the underprivileged rely Vegetables, fruits and other perishable produces and sells machinery at below-market
on agriculture as the principal source of agriproducts traders strongly believe that Groundwater extraction is another common approach to prices. During peak planting season, the
income and employment. Indirect agricultural Bangladesh can earn much more than $1 irrigation in much of South Asia. This low-energy and increased demand for machinery rentals
dependence is revealed through employment in billion from agriproduct export and opine that low-carbon emissions surface water substitute can assist in skyrockets significantly and this impacts
agro-centric services and rural businesses. the country's optimal potential has been lowering high energy costs, as well as, decreasing present eventual output.
Moreover, Agriculture provides basic raw reached. health risks due to natural arsenic contamination of
materials for industrial processing and many Chief complaints arise in the area that groundwater in Bangladesh. The Genetic Factor
agro-processing industries are fully dependent exporters do have the proper policies
on agriculture for basic raw materials which fruits, vegetables, tobacco, tea, cut flowers and also, spices. assistance. Moreover, limited availability of Reaping Success High-Yielding Varieties (HYV) are integral in Geospatial Guardianship
include jute, fruit juice, spices, rice milling, Farmers through the Ages cargo space remains another hindrance to carry securing cropping intensity, which is over
sugar, tea, edible oil, tobacco, jute textiles, According to the latest statistics from the 2016-2017 Labor out business activities internationally. Reapers allow farmers to cope with increasing labor shortage 190%. They also are important in maintaining Monitoring of farms and fisheries through satellite technology
cotton textiles, starch and others which are Force Survey by BBS, a total of 22.7 million people involved in Exporters suggest that trade revenue will by mechanically harvesting and planting the next season’s the output levels of integral crops such as can assist in international compliance, as well as pave the way
considered to be cash crops for the country. As agriculture, 45% are women and of all women in the labor increase in Bangladesh from the agriculture crops. The two-wheeled mechanical reaper is particularly Boro rice in the path towards sustainable for online agro-insurance premiums verification (and
such agriculture can serve as an influential market, they constitute almost 73 percent sector. The government individually or in popular in Bangladesh and can save farmers 30 percent of self-sufficiency. Genetically Modified payment) if coupled with artificial intelligence. This would
driving force to not only increase livelihoods, Bumper Crop conjunction with the private sector can install their usual harvesting costs. Organisms (GMO) offer a solution to climate bring in much needed insurance coverage to farmers without
but also the whole economy of Bangladesh. more processing plants, packaging facilities, change prone Bangladesh by engineering crop long delays while also bringing increased confidence of
Rice production in Bangladesh was around 12 million metric packing houses, hygienic cargo villages, Drilling Dividends varieties that are resistant to weather international buyers.
tons in the late 1970s. It has now increased to more than 36 improved infrastructures at airports and more conditions, pests, flooding and/or saline
Bangladesh’s $1 Billion Export million metric tons. Wheat contributed nearly 2 million metric air cargo facilities. Seed fertilizer drills till, plant and fertilize crops in lines intrusion. Bangladesh’s first local GMO, Bt Digital Crowdfunding
Milestone tons around just before the new century set in. The yield later By contrast, according to local newspaper concurrently and with greater accuracy. These drills are Brinjal, was launched in 2014 and a 2019
dwindled to nearly 700,000 million metric tons in around reports, officials at the Ministry of Agriculture frequently used as attachments on two-wheeled tractors and Institute of Food Policy Research (IFPRI) study Enabling blockchain-enabled peer-to-peer lending would pave
Bangladesh’s earnings from agricultural 2006-2007 while maize has steadily grown to around 3.5 can also allow farmers to plant using conservation agriculture showed that Bt Brinjal farmers benefitted from the way for a digital platform to facilitate crowdfunding of
products grew multifold in the last 12 years million metric tons by 2018-2019. Crops for which yield and Department of Agricultural Extension have practices like strip tilling (a system that tills only small strips a 55 percent rise in revenues, increasing net farming activity so that farmers can find more funding
stated that exporters need to improve product
and the export revenue has crossed the showed either a negative or stationary situation include quality, ensure sanitary measures and adopt of land into which seed and fertilizer are placed, which profit by over BDT 30,000 per hectare. channels.
one-billion-dollar milestone for the first time in pulses, sugarcane and possibly jute. In case of pulses, in early good agricultural practices (GAP) to gain reduces production costs, conserves soil moisture and helps
2020-2021. This is astonishingly almost a 20% 1980s, the officially reported production was around 500,000 greater share of the business in international boost yields). More Gains for Marginalized
rise from the past fiscal year, which is even metric tons which fell to less than half of that in around Upskilling Ahead
more commendable given that we are facing a 2009-2010 before doubling again by 2017-2018. The other markets. Tipping Point Priority strategies in advocating agriculture include addressing
sluggish economy under the COVID-19 commercial crop that has apparently shown volatility over Labor needs to be mobilized and trained in the shrinking average farm size and diseconomies of scale for
pandemic. time is jute. Innovation for Good According to studies, Total factor Productivity (TIP) reflects the operation of technology to reap their benefits. marginal farmers.
Compared to 2008-2009 where agriculture Fisheries Flow Undoubtedly the adoption of technological impact of investments in rural infrastructure that grew at a Otherwise availability of new tools without
users does not assist the average farmer.
exports amounted to $122 million, the last innovation in agriculture will lead to improving modest rate of 0.6 percent to 1.0 percent over a 50-year period Climate Change Capacity Building
financial year witnessed export earnings Based on official statistics of the Department of Fisheries, fish cultivation efficiency, labor productivity, from 1950 to 2000. TIP can be improved through expanding
tripled to an extraordinary $1,028 growth. production is stated to have been rising at around 5 percent greater food security and quality exports. farm size, promoting crop diversification and advanced Digital Markets and the Global climate change adaptation strategies to lower adverse
According to the Export Promotion Bureau annually over the last 20 years. The data shows that by benefits through research and development. Middle Man impact on water availability, quality and disruptions could be
(EPB) this represented a jump of 0.78% in 2017-2018 pond fishery yielded just above 19 lakh tons adopted as policy interventions. There is a need to rehabilitate
2008-09 to 2.87% in 2020-21 to the accounting for some 44 percent of total fish production and Mechanization Miracles Fair prices can be given to all concerned coastal embankment and improve water efficiency through
contribution of agriculture to the national just about 79 percent of cultured fish catch. To mitigate the increasing droughts, flooding parties if the middle-men are cut out. Hence long-term water management strategies.
exports earnings of Bangladesh. Rising Livestock and Poultry and extreme weather events that Bangladesh is online platforms can be encouraged to ensure
News outlets quote various sources that there may be facing due to climate change, rural buyers come in direct contact with sellers. Media Momentum
Bangladesh is primarily an agrarian economy, commercial poultry farms numbering anywhere between communities can evolve by adopting
this industry is the single largest producing Roots of Progress 65,000 and 150,000. The number of eggs produced per year is innovative, localized solutions that merge Media and community support and engagement has and can
sector as 70% of the population depend on it for This tremendous progress was driven by some estimated to range from 20-33 million eggs/day, a difference sustainable practices and tech. Mechanization IOT Induction contribute to significant momentum to agriculture
their livelihood. It contributes to 14% of the sub-categories. Dry food registered the highest greater than 50 percent. With the new generation increasingly has various benefits that include an overall The Internet of Things (IoT) technologies can revitalization and overall efficiency. This can lead to further
50 Year Development country's GDP and employs around 40% of the increase from $193 million in 2019-20 to $283 involved in livestock trade especially keeping in annual Eid increase in cropping intensity, yield, decrease involve remote monitoring of conditions promotion of agriculture as a contemporary entrepreneurship
total labor force. 60 percent of overall
track for the new generation value and also encouraging skills
in 2020-21, almost 46%. Fruit exports also
essential to farming output such as soil
markets there may be space for growth in the livestock
of our Agro Sector agricultural output comes from the crops grew by 18%. However, not all sub-sectors economy. in wastage, and saving in production cost in salinity, fertility, temperature, etc. through development.
comparison to traditional farming techniques.
sub-sector, followed by fisheries and livestock. flourished. vegetable exports faced a 27% drop one device in the cropping zone, and Celebrating the $1 billion exports earnings of agro-products on
While developing economies are changing their However, the contribution to total GDP fell from from $164 million to $119 million. Mechanization utilizes technologies like axial transmission of that data to one or multiple the silver jubilee of Bangladesh’s birth is indeed an
concentration from agriculture to secondary and tertiary around 18 percent to 14 percent in recent years. Bangladesh’s now diversified agriproducts Old Issues, New Packaging flow pumps, reapers and seed drills – to assist data terminals or computers. Data driven extraordinary feat. However, with the right skilling, tech and
sectors, the agricultural industry in Bangladesh is still a For the past three decades the average growth of export basket comprises a range of products Even though the feudal zamindari system was done away with farmers thrive under gradually difficult monitoring can only assist cultivation and policy support Bangladesh’s promising agriculture industry
strong contributor to the economic statistics. As the agriculture sector has hovered around 3.2 including ready-to-eat dry food confectionaries, in the 1950s, the British form of exploitation of the poor growing environments. production. can reach greater milestones in the days ahead.
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