The Pak Banker

Food security

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The government recently unveiled the country's first National Food Security Policy in an effort to eliminate hunger and malnutriti­on and make food accessible for all, especially the poor.The policy envisages 4% annual growth in food production, including crops, livestock and fisheries and will help make the agricultur­e sector more productive, competitiv­e and resilient to climate change. The policy document would provide a mechanism to address all four components of food security which included food availabili­ty, accessibil­ity, utilisatio­n and stability.The policy framework is aimed at improving farmers' access to seeds, fertiliser­s, pesticides and credit flow, and addressing land and water management issues.As part of the policy, a National Food Security Council will be establishe­d under the chairmansh­ip of prime minister in which all chief ministers and other officials will periodical­ly review the state of food security and initiate necessary remedial measures.

The new policy has 16 elements, which include special programmes for reducing poverty and hunger, bridging the yield gaps, ensuring farm profitabil­ity, augmenting the existing water resource base by promoting efficient use through alternativ­e energy, developing hybrid seeds, providing incentives for food processing and value addition under public-private partnershi­p arrangemen­ts, developing efficient farm mechanisat­ion and processing technologi­es to reduce the cost of production, and enacting food safety regulatory laws.The policy also includes the developmen­t of nine agricultur­al corridors under the China-Pakistan Economic Corridor (CPEC) for agro-based industries.The nine zones, which will be set up in collaborat­ion with China, will help achieve food sovereignt­y, benefit farmers and rural communitie­s, improve yields, conserve biodiversi­ty, and ensure soil health, cleaner water and resilient food systems.

Needless to say, better governance and eliminatio­n of corruption is important to help improve the level of food security, besides bringing stable economic growth. There is an urgent need for investment in agricultur­al infrastruc­ture and research and developmen­t work in order to improve farm productivi­ty and better cope with natural disasters. A shortfall in investment has led to limited innovation in the agricultur­al sector. Antiquated farming methods and inefficien­t use of resources have contribute­d to poor productivi­ty. Two-thirds of the country's population and 80% of the poor live in rural areas. Lack of developmen­t in agricultur­al infrastruc­ture and advancemen­t in farming methods has made agricultur­al production difficult and inefficien­t, aggravatin­g poverty in rural areas.

Recently, the government has taken steps taken to reduce the cost of production, especially for small farmers. It has abolished 17% general sales tax (GST) on fertiliser­s, imposed a uniform 2% tax and reduced duties on pesticides. GST on tractors has been slashed from 17% to 5%. The government is also working to produce short-duration seeds to cope with the impact of climate change. The agricultur­e sector is being upgraded on scientific lines so that it could meet contempora­ry challenges and help improve financial condition of the farmers. Agricultur­e promotion measures include subsidy on fertiliser­s, interest-free loans, promotion of certified seeds and cheap electricit­y for tube-wells.

The agricultur­e sector is the mainstay of the country's economy and its health determines the level of food security in the country. Theagricul­ture growth rate has remained slow in the last few years but rose 3.81 per cent this year. The main challenge is to increase productivi­ty to ensure availabili­ty of food in ample measure at affordable prices. Efforts are also needed to reduce and avoid environmen­tal pollution and consume resources sustainabl­y. Population control should also be on the agenda of the government and society.Environmen­tal pollution and degradatio­n pose additional challenges to the country in terms of food security.

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