Rural economy deserves proper attention


KARACHI: Central leader of the Businessman Panel and former vice president FPCCI Khurram Sayeed on Tuesday said farmers deserve right production decisions to reduce risks associated with their occupation.

Production risk is inherent in agriculture due to multiple factors including dependence on weather that can be minimised through proper intervention, he added.

Khurram Sayeed said that workshops, seminars, advertisement, distant education, and road shows can enhance awareness among the rural population majority of which is directly or indirectly associated with the agriculture.

He said that livestock play an important role in risk control; it improves household welfare through reduction in income variability. Mixed farming enable rural families to decrease exposure to risk through diversification, he added.

Grain prices are not advancing as fast as that of milk and meat which is an added incentive while sale of products like milk, yogurt, cheese, butter oil and lassi promises daily flow of income.

Grazing herds was centuries-old enabling the farmers to easily earn livelihood but now grazing areas were vanishing due to multiple reasons.

Agriculture accounts for about one-fourth of the gross domestic product, earns about 60 per cent of export revenues in primary and processed forms, and provides employment for half of the increasing labour force therefore it merits proper attention, he said.