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Farmers incur Tk 56,536 crore losses due to coronavirus lockdown

Published : Thursday, 4 June, 2020 at 10:57 PM  Count : 522

Farmers incur Tk 56,536 crore losses due to coronavirus lockdown

Farmers incur Tk 56,536 crore losses due to coronavirus lockdown


Farmers across the country have lost an estimated Tk 56,536 crore due to the nationwide lockdown amid coronavirus pandemic, reveals a study of the Brac, largest NGO of the country.

The study conducted by Brac's Iffat Anjum Anika and Nahrin Rahman Swarna, titled, "Impact of Covid-19 Pandemic on Agriculture and Implications for Food Security" revealed that the estimated numbers portraying the severe damages our farmers' have suffered in the past few months (March to May).

The findings of this study were revealed on Thursday afternoon through a virtual press conference arranged by Brac.

Farmers incur Tk 56,536 crore losses due to coronavirus lockdown

Farmers incur Tk 56,536 crore losses due to coronavirus lockdown

Every farmer has incurred Tk 2,07,976 losses on an average due to the damage and low prices of their produce during one and a half months--from the last week of March to the first week of May. "If this estimated losses are taken into account, it will be found that all the  farmers of the country have incurred the losses amounting to Tk 56,536 crore," the study reveals.

While presenting the study findings, Nahrin Rahman said that the report includes the study of two sectors -- market failure and vulnerability of farmers.

Data was collected from a total of 1,581 from farmers representing all our 64 districts. These respondents, who cultivate crops and vegetables, rear poultry, cultivate fish, and produce milk, were reached through telephone, she added.

She said: "Information regarding the price of the products cultivated and produced by the country's farmers was collected from the Department of Agricultural Marketing."

Farmers incur Tk 56,536 crore losses due to coronavirus lockdown

Farmers incur Tk 56,536 crore losses due to coronavirus lockdown

According to the study, at least 88 per cent of the farmers faced challenges during the government imposed shutdown to fight the Covid-19 pandemic.

Moreover, all the fish farmers who were interviewed complained that they also faced challenges and problems due to the ongoing coronavirus crisis.

Meanwhile, the researchers also announced a set of recommendations including a farmer-friendly credit distribution system to reduce red-tape barriers for the betterment of the farmers of Bangladesh.





Former Vice-Chancellor of the Bangladesh Agriculture University and former member of the Planning Commission Dr MA Sattar Mondol, ACI Agribusiness' executive director FH Ansari, Brac Dairy and Food Enterprise's director Mohammad Anisur Rahman joined the press conference as the panel discussants.

SZA

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