The backbone of our society is agriculture and it is the main occupation of our rural society. Globaliasation has helped the farmer through new high yielding varieties seeds, high-tech equipments, better knowledge of agricultural practices, agricultural call centers and many other innovations in agricultural sector. Trading in grains has opened up new avenues for farmers. Guar gum trading has become household name in Rajasthan. Balance of agriculture is shifting from grains to cash crops for higher profits. Floriculture and horticulture are new trends in agriculture. Microcredit facilities and Kisan credit cards facilities have decreased dependence on the moneylenders. Self Help groups ( a concept borrowed from Bangladeshi slef help groups) has increased the independence of women. Globalisation has ushered in a new era of competition in the agriculture sector. Now, our farmers have to compete with highly subsidized crops from the western world. Owing to this competition, Indian farmers are forced to sell their crops at much lesser price. Suicide rates are increasing. Although the developing world is increasing pressure on the western world against its protectionist policies at the WTO forums, not much has been achieved. We need to negotiate better trade agreements with the western world. The practice of monoculture has led to decreased genetic diversity. It has made our crops susceptible to damage due to lack of genetic diversity. The introduction of disease resistant genetically modified crops has started showing decrease in yield and the old variety of cotton (which was drought resistant) has vanished. The increased yield due to fertilizers and excessive use of ground water has reduced the fertility of soil. Bio-fertilizers are being introduced. Some of the affluent farmers have taken advantage of the globalization and have reaped heavy benefits whereas most of them have been reduced to penury.