Sunday, April 9, 2017

Agriculture of Bangladesh

Bangladesh is an agricultural country. But its agricultural structure is not so well.

  BBS further notes that out of approximately 15 million farms, 84 percent are on average between .05 to 2.49 acres (52 percent are between .05 to .99 acres).  Most agricultural production in Bangladesh is characterized by traditional subsistence farming.  Bangladesh produces a variety of agricultural products such as rice, wheat, corn, legumes, fruits, vegetables, chicken meat, fish, and seafood.  Rice is considered the main staple in the Bangladeshi diet. 
The government of Bangladesh approved and released four genetically engineered (GE) Bt eggplant varieties in October 2013 and during the 2014-15 season produced 90 kilogram of seed.  Less arable land and limited natural resources increase the importance of developing new agricultural technologies, such as salt tolerant or submergence tolerant seed varieties, to help increase productivity for future demand needs.  Strikes, floods, cyclones, and drought also can affect agricultural productivity levels and incomes.
The Bangladesh Bank in 2015 fixed a $2.07 billion loan disbursement target under the agriculture-loan policy and programs for fiscal years (FY) 2015-16, up 5.5 percent over last year.  Under this new agri-loan policy FY 2015-16, the private and foreign banks have to provide at least two percent of the total credit to the agriculture sector while the new banks have to provide five percent of their total loans to the sector.  Raising investment in the agriculture sector is the main objective of the new agri-loan policy.

But Farmers should utilize the money properly, then agriculture will develop otherwise its position will no improve.

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