There is no doubt that Punjab farming is capital intensive and agricultural production increased with the use of machinery, high yielding varieties of seeds, pesticides and fertilizers. But the use of technology made agriculture more capital intensive. Punjab farmers are suffering from stagnated agricultural production and their expenditure on agricultural inputs are increasing over the time. This situation creates financial problems for the farming class. The present paper tried to shows the current situation of Punjab’s agriculture in terms of operational land holding, productivity, irrigational sources, marketing of agricultural produced, and transformation from labour intensive to capital intensive farming etc.