In Bangladesh, agriculture isn’t just an industry; it’s the lifeblood of the nation. It employs millions, feeds the populace, and drives economic growth.
To that end, Bangladesh’s work with the International Fund for Agricultural Development (IFAD) that has now spanned 45 years is a major reason why we have, despite our population density, have mostly managed to provide for the people.
Over the past 45 years, IFAD has supported 37 projects, mobilizing $3.9 billion in financing, to improve the lives and livelihoods of more than 11 million families.
Such support, which includes everything from ensuring easy and affordable access to rural finance and enhancing infrastructure development to promoting climate-smart agricultural practices have been vital for our agriculture to remain effective, and they will continue to be necessary in the ever-changing world, where challenges are only compounding.
To that end, while support from organizations such as IFAD will be important, we must remain proactive with regard to the challenges our agriculture sector will face.
Over the past few years, technology has quietly revolutionized Bangladesh’s agricultural landscape. Mobile apps provide farmers with weather forecasts and market prices, empowering them to make informed decisions. Precision agriculture techniques are increasing yields and reducing resource wastage. Satellite imagery is helping monitor crop health and pest outbreaks in real-time. These innovations aren’t just impressive; they’re vital for a nation where every grain matters.
The role of technology in the future of Bangladeshi agriculture cannot be overstated. As Bangladesh looks to achieve numerous goals this decade and the next, it must continue to remain adept at leveraging the latest technology, with agriculture in particular being among the most important sectors where lagging behind will simply not be an option.