By Qudsia Bano ISLAMABAD, Mar. 10 (INP-WealthPK): Corporate Agriculture Farming (CAF) can help farmers gain good profit from their land resources and generate revenue for the country. The agriculture sector is currently lacking money, and the CAF appears to be the answer since attempts are being made to attract private investment. Proponents of corporate farming hope that it will make the system more efficient and bring the agriculture sector's instability to an end. It also correlates with agriculture policies geared towards export and trade liberalisation. Dr Sajjad, Senior Scientific Officer at the National Agricultura Research Centre (NARC), told WealthPK that there is a huge potential for corporate farming in Pakistan. He said there is a lot to do in this sector, and the government was accepting the proposals from different corporations in 2021 to promote corporate farming in the country. He stated that the Securities and Exchange Commission of Pakistan (SECP) had enrolled over 19 firms that incorporate agricultural farming in 2012, though they were largely in the seed, poultry and feed industry, dairy farming, and halal meat sectors, with minimal interest in the vegetable and crop sectors. Pakistan has one of the most extensive and divisive irrigation systems in the world. The Indus River and its tributaries make up one of the world's largest irrigation systems. More than 16 million hectares of land is irrigated by this system. These rivers are home to three significant water storage reservoirs. There is also a slew of barrages, headworks, canals, and water distribution lines. Dr Sajjad mentioned that the prime minister has stated repeatedly that his administration is a strong advocate of wealth creation as a driver of GDP growth, which in turn generates job possibilities. “Wealth creation by established industrialists is undoubtedly one way to divert investment to areas where capital is scarce; however, in the case of corporate farming, a better approach might be to amend the CAF policy of 2001-02 to include measures aimed at strengthening the capacity of a large number of small and subsistence farmers to market their products directly,” he said. Pakistan's agricultural sector has numerous structural and administrative problems. One key cause is Pakistan's lack of investment in agricultural research and development (R&D). Wheat, rice, sugarcane, and other agricultural commodities are procured in an inefficient and farmer-unfriendly manner. The irrigation system is under a lot of strain right now. Other key issues afflicting Pakistan's agriculture sector include a lack of adequate agricultural loans and an unexpected increase in the cost of agricultural inputs without matched adjustments in the prices of agricultural products. Dr Sajjad said that by looking upon all these facts, there is a need to develop and promote CAF in the country. “The CAF policy has the potential to promote system efficiency, attract more investment, technology, and jobs, and, as a result, revenue and exports,” he said. The official said the CAF is effective in addressing Pakistan's problems, such as poverty, inequality, environmental pollution, and food security. “While Pakistan faces a threat of food insecurity, particularly among economically disadvantaged communities and the rural population, small-scale farmers must also be facilitated,” he said, adding that Pakistan is seeking China’s help for corporate farming by including agriculture in the China-Pakistan Economic Corridor (CPEC) program.