Budget 2024 Expectations: What sustainable and precision farming expects?
Live MintThe Finance Minister's emphasis on 'Green Growth' in the previous budget aligns seamlessly with India's commitment to environmentally conscious and technology-driven agricultural practices. As we eagerly anticipate the Union Budget for 2024-'25, there are key expectations and potential areas of emphasis that can propel the agricultural sector toward sustainability and precision farming. These solutions contribute to sustainable farming practices, assisting in efficient resource management, waste reduction, and improving the overall environmental footprint of agriculture. As we have seen, the expectations for sustainable and precision farming in the Union Budget for 2024-'25 are rooted in a comprehensive approach. Expectations for sustainable farming include a dedicated focus on climate-smart agriculture, carbon net zero compliance, and regenerative practices, with an overarching goal of enhancing the 3Ps of agricultural business i.e., productivity, predictability, and profitability.
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