# Union Budget 2018 Gives A Big Thrust On Agriculture But Will It Percolate To Agritech Startups?

> India's Union Budget 2018 reaffirmed the goal of doubling farmer incomes by 2022 and set a rule that minimum support prices will be 1.5 times production cost. It also allocated funds for Operation Green and agritech-related measures.

- Date: 2018-02-01 · published 2018-02-01T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/66449-union-budget-2018-gives-a-big-thrust-on-agriculture-but-will-it-percolate-to
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Policy support for farm prices and output is a long-run supply factor for India's agricultural exports, with little immediate impact on world feed prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2018-08-21 | [Target 4% agriculture growth: Why Government of India's ambitious goal is a big challenge](https://feedsoft.ai/events/63498-target-4-agriculture-growth-why-government-of-india-s-ambitious-goal-is-a-big.md) | +2.4% | -2.1% |
| RICE | 2017-11-16 | [Bill Gates Smallholderled Agricultural Transformation Summit](https://feedsoft.ai/events/5284-bill-gates-smallholderled-agricultural-transformation-summit.md) | +2.8% | -3.1% |
| RICE | 2018-12-07 | [Centre eyes $60 billion in agriculture exports by 2022 with new policy — The Kashmir Monitor](https://feedsoft.ai/events/61540-centre-eyes-60-billion-in-agriculture-exports-by-2022-with-new-policy-the.md) | -3.5% | -3.9% |
| RICE | 2024-02-02 | [Centre keeping all options open to curb rice prices: Food secretary \| Agriculture - Business Standard](https://feedsoft.ai/events/31609-centre-keeping-all-options-open-to-curb-rice-prices-food-secretary-agriculture.md) | +3.0% | +0.6% |
| RICE | 2018-10-05 | [PMO Gives Go-ahead to Anti-Farmer Agriculture Export Policy \| NewsClick](https://feedsoft.ai/events/62494-pmo-gives-go-ahead-to-anti-farmer-agriculture-export-policy-newsclick.md) | -0.9% | -1.3% |
| WHEAT | 2017-04-25 | [5 Things To Watch in 2018 Farm Bill and Agricultural Legislation](https://feedsoft.ai/events/71484-5-things-to-watch-in-2018-farm-bill-and-agricultural-legislation.md) | +3.6% | +2.1% |
| WHEAT | 2017-08-28 | [Sen. Roberts outlines 3 must-haves for agriculture in 2018 Farm Bill](https://feedsoft.ai/events/69441-sen-roberts-outlines-3-must-haves-for-agriculture-in-2018-farm-bill.md) | +3.6% | +7.1% |
| WHEAT | 2024-01-31 | [Agriculture policies to watch in 2024 \| Agriculture Dive](https://feedsoft.ai/events/32092-agriculture-policies-to-watch-in-2024-agriculture-dive.md) | -1.5% | -8.8% |

## Sources

- inc42.com: https://inc42.com/features/union-budget-agriculture-agritech/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.