Nepal's Agriculture Budget Through a Farmer's Lens | Dr. Ashesh Bhattarai
Featuring Dr. Ashesh Bhattarai, Country Market Lead Nepal USSEC at U.S. Soybean Export Council (USSEC)
In this episode, Dr. Ashesh Bhattarai discusses the recent budget cuts in the agriculture sector, highlighting the disproportionate allocation towards inorganic fertilizers. He emphasizes the need for promoting organic alternatives and the importance of securing a future for youth in agriculture amidst challenges like bird flu and inadequate insurance support.
Budget Allocation
The agriculture budget has decreased by 11 billion, affecting various facilities and initiatives.
Budget Allocation
70% of the agriculture budget is allocated for inorganic fertilizers, leaving little for other needs.
Budget Allocation
Only 320 million is allocated for promoting organic fertilizers, despite local availability.
Insurance Challenges
Farmers face difficulties with livestock insurance, as it takes two years to receive payouts.
Agricultural Challenges
The bird flu outbreak has severely impacted farmers in the eastern region.
Agricultural Economics
The agriculture sector contributes 26% to the GDP but is not seen as a revenue-generating sector by the government.
Youth Engagement
Youth need to see agriculture as a secure and glamorous career option.
Policy Priorities
The government has consistently prioritized fertilizer imports over other agricultural needs.
Budget Allocation
There is a need for better allocation of funds towards research, technology, and animal health.
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