This study aims to investigate the food, agriculture and economic situation of Bangladesh in some details. Although it faces various problems in economic progress since the independent in 1971, in the last forty years the increase of food production, economic development and poverty reduction of the country became remarkably. Bangladesh is a densely populated developing country in the Southern Asia. The government of Bangladesh is trying efficiently to reduce poverty of the country. In Bangladesh a large mass of the populations still live below the poverty line, heavily undernourished with inadequate access to safe and nutritious food for a healthy life. The data of the study were collected through the secondary sources of the country. Debt burden is increasing rapidly over time due to increase in the budget deficit. Both the internal and external debts of the government are increasing every year. This study reveals that the country has to do more to reach the millennium development goals. In Bangladesh, during 2000 to 2005, income poverty reduced from 48.9% to 40.0% and 2005 to 2010 reduced from 40% to 31.50%. An attempt has been taken here to show the ways to increase food production and economic development of the country.