Punjab, India, is at a critical juncture as its agricultural crisis intensifies due to unsustainable practices and a reliance on a narrow crop base. The state's identity, built on its role in India's Green Revolution, is now threatened by depleting groundwater and rising farmer debt. With over 80% of its agricultural land dedicated to wheat and paddy, the region has become trapped in a monoculture system, heavily reliant on government procurement through the minimum support price (MSP) regime. This dependency has led to over-extraction of groundwater, with many districts experiencing annual drops in water tables of up to 1 meter. The ecological collapse is compounded by economic distress, as rising input costs and shrinking landholdings push farmers into debt, resulting in a troubling rise in suicides. Furthermore, the lack of agro-industrial development restricts job opportunities, prompting youth to migrate for better prospects. To avert a deeper crisis, Punjab needs comprehensive reforms, including crop diversification, sustainable water management, and support systems for farmers to ensure a viable agricultural future.