Facing Covid-19 issues with agriculture

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Plagues and epidemics have ravaged humanity throughout it is existence, often changing the course of history and, sometimes, signaling the end of entire civilizations. During the last century quite a number of plagues, epidemics possess pulverised the human race.

The Spanish Flu (1918-1920), Asian Flu (1957-1958), H1N1 Swine Flu Pandemic (2009-2010) are several mentionable ones. Nowadays, the humanity is afflicted by this Covid-19 (Coronavirus). All of the plagues and epidemics possess altered history especially as far as the market can be involved. This Covid-19 pandemic is likely to be no several and the worst factor is that it may have the greatest impact on the monetary future of the universe given enough time in history that people stand. 

A number of the world's leading economists possess predicted that the universe economy will proceed through a change which will keep many jobless and thereby could cause the biggest recession following the WWI. Regarding to Carmen M. Reinhart, Professor of International Finance at Harvard Kennedy School, this pandemic is certainly 'another nail in the coffin of globalization'. The economist argues that the coronavirus pandemic is the first crisis because the 1930s going to both advanced and producing economies. The recessions could be deep and prolonged. As in the 1930s, sovereign defaults will probably spike. Calls to restrict trade and capital flows get fertile soil in bad circumstances. Doubts about pre-coronavirus global source chains, the safety of overseas travel, and, at the countrywide level, concerns about self-sufficiency in necessities and resilience are likely to persist-even after the pandemic can be brought under control (which might itself prove an extended process). The post-coronavirus economical architecture may not take us all the way back again to the pre-globalisation period of Bretton Woods, but the damage to intercontinental trade and finance may very well be extensive and lasting.
 
Along challenging above, for a region just like Bangladesh, agriculture can play a big role in overcoming the approaching challenges on the post-Covid-19 era. Bangladesh has already been a country which depends quite heavily on agriculture. Almost 87 per cent of the rural people reach least some salary from agriculture. On the other hand, two thirds of rural households count on both farm and non-farm incomes. Pro-poor agriculture growth has got stimulated the non-farm market in Bangladesh: a 10 % rise in farm incomes generates a 6.0 % rise in non-farm incomes. As non-farm incomes continue steadily to expand, the government must target on fostering a far more robust rural non-farm market in the content- Covid-19 era.

What is promising may be the reality that Bangladesh now shows up 3rd when it comes to producing rice on earth. This is very positive media in this gloomy circumstance. It functions in two ways, firstly, with this, we are able to feed the populace of the country in addition to consider exporting the crop. This will profit the economy hugely. Creating job opportunities for the unemployed youths, this can help in earning foreign currencies as well. The rice production worldwide is not that great in comparison to our country. We are able to certainly take good thing about this.

Jute is another most probable crop of Bangladesh. It had been referred to as the 'golden fiber' of Bangladesh. Remember the sustainability about which the world happens to be quite wary of, jute can fix the trouble. There are no explanations why jute-centered products from Bangladesh cannot own a thriving presence on the planet market. It really is encouraging to look at that Bangladesh is ready to begin commercial creation of jute polymer-structured bags, which, unlike plastic bags, happen to be biodegradable and for that reason, environmentally sustainable.

Aside from jute bags, Bangladesh ought to be looking to new and exciting products -- going beyond the evident jute merchandise -- want jute charcoal and jute tea; and as younger consumers have a greater fascination in the environmental impact of their buying habits, the products will be seen as trendy, thus strengthening our economy even more. Jute-based fabric is definitely an option which might be explored in near future for reaping the huge benefits.

Vegetable farming, especially organic and natural vegetable farming, could be among the brightest prospects with regards to fighting the post Covid-19 era. Organic vegetables along with staying environment-friendly, does deliver the chance of money aswell. That is normally why, it is among the options which has to be pursued. Vegetable farming on the banks of rivers and on terraces offers gained popularity. We must capitalise upon this opportunity.

Fisheries is another export item that we can turn to capitalize on. Regarding to our fisheries minister, Bangladesh exported 68,655 tonnes of fishes and fisheries goods worth about Tk 38.45 billion (3,845 crore) in the fiscal year 2018-19. Bangladesh exports fishes and fisheries goods to over 50 countries of the world, like the USA, China, Japan and Russia. About 68,655 tonnes of fishes and fisheries goods were exported overseas in the outgoing fiscal calendar year 2018-19, while Bangladesh collected earnings of Tk 38.45 billion (3,845 crore) ($455 million) by exporting fishes and fisheries goods. Among the full total export quantity, 31,158 tons had been shrimp worth Tk 29.16 billion (2,916 crore). So, as we are able to see it has already been an established sector which just requires a little push. This assists immensely in solving our economical problem.

The federal government, realising the potential of agriculture, has included it in the stimulus package. Our Primary Minister has recently declared to cultivate every bits of unutilised territory for making sure food security later on.

We are able to certainly use these agricultural goods along with others to counter the demand in the upcoming years which are bound to get challenging. In line with the World Lender, Bangladesh has superb potential to improve agriculture-generated incomes, increase agricultural productivity and produce it extra resilient to climate transformation and improve the vitamins and minerals of crops. We must take this under consideration. Along with each one of these, a strong supply chain will be very important so that the merchandise can reach the ultimate consumer whether at home or overseas. In this manner, Bangladesh will come to be well-placed to struggle the monetary woes in the years to come.

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