Land acquisition for development purposes has long been a contentious issue, particularly when agricultural land is used for non-agricultural purposes such as industrialization, urban expansion, and infrastructure projects. This research paper explores the socio-legal, economic, and environmental arguments for and against the use of agricultural land for land acquisition. The focus is on understanding why agricultural land is often targeted for such acquisitions, the socio-economic impact on farmers, communities, and the environment, as well as the legal frameworks surrounding this issue. The paper also delves into the consequences of reducing agricultural land for industrial development, assessing how it affects food security, economic inequality, and the displacement of vulnerable communities. It further considers the perspectives of policymakers, environmentalists, and agricultural stakeholders, aiming to balance development needs with the rights of those who rely on land for their livelihoods. Finally, the paper offers recommendations for equitable land acquisition policies that account for social justice, sustainable development, and economic growth.