“Analysis of Constraints and Potentials of Agribusiness Development in Bangladesh”

Topics: Agriculture, Poverty, Agricultural economics Pages: 34 (9879 words) Published: September 5, 2012
The objective of the study is to identify the constraints, potentials and recommending solutions as regards agribusiness development in Bangladesh. The methodology of the study included survey, PRA, RRA and FGD with different sector peoples comprising farmers, agribusiness-man, policy makers and specialists. The study covered 22 districts of 6 Divisions covering in all a randomly selected population. The existing situation of the as documented through Agricultural and Agribusiness Project reports of Ministry of Agriculture and international Donors are also thoroughly collected .interpreted and used in the study. The core data came from the survey done by 6 pre-tested questionnaires. The main findings of the study were found to be price irregularity, lack of optimum production, and very weak information communication. For all the population (60-80) % respondent highlighted the lack price policy, inadequate agro-technological knowledge transfer and extremely neglected agro-media service as the constraints of agribusiness development in Bangladesh. According them Bangladesh has the potential to develop agribusiness if the constraints are removed. The opportunities in Agribusiness sector relate to five main aspects: i.Large population;

ii.Natural and comparative advantage;
iii.Policy reforms and shift in the role of the government and private sector; iv.Entrepreneurial culture; and
v. Tradition of associations.
The final recommendations made from the study as per existing situation are mentioned here. i. Training facilities for agri-tech-marketing-media profession being curricular forms; ii. Small-scale agro-tech need more attention of the policy makers; iii. The employment promoters should prioritize labour intensive technologies.

1. Introduction
The economy of Bangladesh is largely dependent on agriculture, which supports the vast majority of her population, producing about 32 percent of GDP, 23 percent of exports and employing 63 percent of labour force. Adoption of modern technologies has made the country near self-efficient in food grains production. Despite this tremendous success in agricultural produce, particularly in crop sub-sector, nearly 45 percent of total population lives below the poverty lines, who are mostly rural poor.1 Poverty thus comes to the fore as a major thrust and concern of the national government. In order to reduce the level of poverty, the Government of Bangladesh (GOB) has undertaken a number of development strategies/projects. Of them ‘Poverty Reduction Strategy Paper (PRSP)’ is the most important one which has been duly recognized and approved by many bilateral/international donor agencies like World Bank (WB) and Asian Development Bank (ADB) in the recent past. The GOB has set a target for reducing poverty from the present level of about 45% to 25% by 2015 inconformity to the mandate of the PRSP towards achieving the Millennium Development Goals (MDGs) of the United Nations to which Bangladesh is one of the signatories. But, again, the crucial issue of poverty reduction largely depends on the increased productivity of agriculture. Thus expanding opportunities for employment and higher farm income would, in turn, improve the level of livelihood pattern of the rural poor. Their livelihood improvement program depends, directly or indirectly, upon production, employment and income from agriculture. Importantly, there is an increasing recognition that agribusiness concept leads commercial agriculture through production processing, storage and marketing of agro-commodities for trade, industry and export which could address the critical issues of poverty reduction and ensure higher employment and income of the poor farmers. In order to accomplish this goal within a reasonable time frame, the most important process is to develop a strategy to agricultural productivity through rapid development of agribusiness and marketing system in the country. It was concluded by a...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Essay about Potentials and Constraints of Rural Development in Zambia
  • Agribusiness in Bangladesh Essay
  • The Economic Development of Bangladesh Essay
  • agribusiness Essay
  • Millenium Development Goal & Bangladesh Essay
  • Essay about Rural development in bangladesh
  • Development Constraints in Sri Lanka Essay
  • Potential Tourism Spots of Bangladesh Essay

Become a StudyMode Member

Sign Up - It's Free