Citing about 120 million hectares of land at various stages of degradation, he also emphasised upon adoption of more sustainable land use systems and soil management practices.
"We surmounted the challenge to food security then. But what about now, when we are confronted with decreasing land availability for agriculture coupled with a rising population? When deterioration in soil health and water quality is reducing agriculture productivity and input use efficiency?," Mukherjee said.
The level of nutrition in food produce is an important determinant of food sufficiency in the population.
In the Global Hunger Index 2015, which combines the three indicators of under-nourishment, child under-weight and child mortality, India is ranked 80th out of 104 countries.
"This is totally unacceptable. We have to improve the nutritional status of our population in a time-bound manner," the President said.
He said people must work hard to preserve our natural resources to continuously receive provisioning service such as food and fresh water; regulating service like climate and pest regulation; cultural service such as educational and eco-tourism; and supporting service like soil formation and nutrient cycling.
"More than 50 per cent of our population relies on this sector for earning a livelihood. Its healthy growth determines the quality of food security.
"Agriculture has always received top priority in our policy formulation because early in our planning process, we recognised that we ourselves have to feed our growing population which today stands at 1.28 billion," he said.
The institute, which was set up in 1960, is the first agricultural university to be established in India on the land-grant pattern of agricultural universities in the US.