Pakistan Agricultural Coalition Proposes New Wheat Support Model for Farmers

Meanwhile, the Pakistan Agricultural Coalition (PAC) has proposed extending warehouse receipt financing directly to farmers as a new approach to wheat procurement that will allow growers to keep wheat in their possession while borrowing against it for up to six months after.

Key points

• Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
• The program includes an SECP and PAC investor roundtable featuring the SECP chairman, Pakistan Stock Exchange chairman, PMEX chairman and Pakistan Business Council CEO.
• Add as a preferredSource on Google Follow on Google News Join WhatsApp.
• Saeed additionally highlighted Punjab's expansion of agricultural credit and mechanization initiatives, including the Kissan Card, tractor schemes and high tech machinery financing.
• The conference will additionally hold ZarZaraat, a competition for agricultural startups, with finalists pitching to investors before the closing ceremony.

In practice, the administration could provide farmers the financing facility and retain the first right to purchase the wheat after six months, regardless of the market cost. IMF Wants More Tax on Farmers.

Speaking at a media briefing ahead of the Agri Connections Conference and Expo, Saeed remarked the proposal would build on the private aggregator model but shift part of the financing backing directly to farmers.

When the indicative cost initially appeared attractive but weather-related losses changed farmers' market expectations, he remarked the approach could address difficulties seen under Punjab's wheat aggregator model last year. He additionally pointed to cases where farmers were informed they could not retain wheat without permits as tragic and could have been avoided.

Saeed remarked the government-administered wheat sector is now moving toward deregulation and needs greater private sector participation. He remarked the International Finance Corporation (IFC) will discuss the transition to a deregulated wheat sector at the Agri Connections Conference and Expo. It will be held at Lahore Expo Center from October 1 to 2 under the theme "Food Security and Agri Investment in the Era of Climate Change."

In practice, the conference will additionally focus on food affordability, climate risks, food safety and agricultural investment. While the country's agricultural exports remained below their potential partly since of food safety worries and rejection of consignments linked to excessive pesticide employ, saeed remarked food security had become a household-level problem in Pakistan.

Meanwhile, the event will additionally examine livestock investment, shrimp cultivation, olive oil, chilled meat exports and emerging agricultural businesses. Pakistan Faces $2 Billion Cotton Shortage.

According to the conference program, the first day will include sessions on food security and changing trade dynamics with the World Bank, the impact of input markets on food security, deregulating agricultural supply chains with the IFC, and helping farmers accord with climate change.

While a separate session will focus on food safety for exports in partnership with the Food and Agriculture Organization, the climate session will cover crop insurance and carbon finance.

Saeed remarked the administration is developing a broader financing ecosystem for farmers covering access to quality inputs, warehouse receipt financing, collateral-based lending, agricultural business finance and crop insurance.

While the State Bank of Pakistan is leading the Zarkhez framework and the Securities and Exchange Commission of Pakistan is working on crop insurance, he remarked PAC has been involved in the development and adoption of the warehouse receipt financing framework. PAC has additionally been entrusted with leading the government's work on crop insurance.

For context, the second day of the conference will focus on investment in livestock, access to finance for farmers, shrimp exports and investment opportunities in agriculture.

Notably, the program includes an SECP and PAC investor roundtable featuring the SECP chairman, Pakistan Stock Exchange chairman, PMEX chairman and Pakistan Business Council CEO. A separate session will examine the foundation for Pakistan's shrimp exports.

Other sessions will cover the future of technology in agriculture, including presentations from Hello Tractor, the Punjab Agriculture Department, Al Ghazi Tractors, Fauji Fertilizer Firm and Topcon Positioning Systems. The conference will additionally hold ZarZaraat, a competition for agricultural startups, with finalists pitching to investors before the closing ceremony. NEPRA Considers Next Electricity Nightmare for Farmers.

ZarZaraat program follows a Shark Tank style model for agri startups. Saeed remarked 51 businesses pitched last year, with three finalists, while this year PAC received 25 applications and selected three finalists and one honorable mention. This person will presentations.

In practice, the conference will additionally feature presentations on agricultural technology, including Hello Tractor, mechanization, fertilizer and precision agriculture technologies.

Saeed additionally highlighted Punjab's expansion of agricultural credit and mechanization initiatives, including the Kissan Card, tractor schemes and high tech machinery financing. He remarked Sindh was developing a legal framework for modern cooperatives to provide farmers greater market power.

He continued that these initiatives would require greater participation from banks, businesses, investors and other private sector players to channel capital into agriculture. Stay Connected with ProPakistani.

Obtain the latest business news, market insights, and economic updates wherever you prefer. Follow on Google Discover.

Taken together, the developments around pakistan Agricultural Coalition Proposes New Wheat Support Model for Farmers point to a situation that is still moving, and the coming days should bring more clarity.