The farm sector needs structural reforms to boost agricultural growth, but that would take time to have an impact. However, more steps to alleviate stress in the near term are likely to be announced. An income support scheme was announced in the interim budget. In the budget, some other measures are possible, such as changes in crop insurance scheme. Also, we expect an increase in agricultural credit flow as well as increase in spending on rural infrastructure and irrigation. Spending on cold chain and steps to boost food processing industry are likely. Collectively such reforms could boost farmer sentiment and the overall agricultural sector in a positive manner. The stocks which may be the key beneficiaries are UPL, KRBL, LT Foods, Jain Irrigation, Apex Frozen and BAYER Crop Science.