Mixed Reactions to Union Budget 2024 from Agriculture Sector

The Union Budget 2024 has elicited varied responses from the agriculture sector. Experts lauded its focus on research and self-sufficiency, while some farmer leaders criticized it for not addressing key demands. Concerns were raised about the involvement of private sector funding and the potential for corporatisation.

The Union Budget 2024 has evoked mixed reactions from the agriculture sector, with industry experts commending its emphasis on research and self-sufficiency. However, some farmer leaders expressed disappointment.

Agriculture industry experts have described the Budget as 'forward-looking,' praising its initiatives for agri-research and self-sufficiency in pulses and oilseeds. Solvent Extractors Association of India President Ajay Jhunjhunwala welcomed the national missions for edible oils, expecting them to reduce import dependencies.

Conversely, Bharat Kisan Union's farmer leader Rakesh Tikait criticized the Budget for leaving farmers 'empty-handed,' failing to meet critical demands. Concerns were also raised about private sector involvement in agri-research in the name of climate change, potentially pushing foreign and corporate agendas.

On the other hand, Good Food Institute India's Acting Managing Director Sneha Singh and Dhanuka Group Chairman R G Agarwal praised the emphasis on achieving self-sufficiency in pulses and oilseeds, and the budget's attempt to address investment gaps in R&D and crop yields.

Additionally, Primus Partners Managing Director Devroop Dhar and Bayer CropScience Vice Chairman Simon Wiebusch emphasized the need for increased investment in technology and climate-resilient crops to boost productivity and food security.

(With inputs from agencies.)