Agricultural Sector ........long term story

• Agriculture is an inelastic sector.
• 30% of the house-hold income has to go into food.
• Walmart, ITC, Tesco, RIL , Bharati to make an imminent entry into corporate farming.
• Scarce land supply competing with urbanization
• Poor productivity in farming due to an avg age greater than 50 yrs
• Food supply unable to keep pace with a global pop. to explode to 9 billn. by 2050.
• Global warming depleting current agri. output.
• Massive farm to fuel programme
• Increasing intake of food per capita due to rising discretionary income