Third, water is going to be as precious as land in the long-run, and costs of irrigation will increase significantly, not only in terms of the actual cost of access to the irrigation facility, but also by way of costs arising from competing demand from non-agriculture sectors for the limited supply of water.
Fourth, dry land farming would have to receive greater attention, but there will be greater competition even for dry lands from urbanization and infrastructure. V.  Monetary policy and inflation  44. Now let me turn to a question that is more directly relevant to the Reserve Bank – what is the role of a central bank in combating food inflation?