Improving livelihood of farmers is assuming prime importance now than ever due to multiple reasons such as wide fluctuation in climatic situation and its impact on agriculture, depletion of natural resources, increasing cost of production and unstable price and marketing system for agriculture produce. This situation is visible more in vegetable crops. However, farmers are still making their livelihood by adopting holistic approach in managing the crop and other agro-based enterprises to ensure higher productivity with better quality produce based on market suitability. Adoption of precision farming in vegetable crops is the first step in this direction, in which farmers are adopting holistic crop management package. The ICAR- Indian Institute of Horticultural Research, Bengaluru is implementing the Farmer FIRST Project in a cluster of six villages of Kanakapura taluk, Ramanagara district, Karnataka state with this holistic approach to improve the livelihood of farmers and for holistic development of the village. Precision farming package was introduced in many horticultural crops in the project villages. In tomato crop triple disease resistant F1 hybrids “Arka Rakshak” and “Arka Samrat” were introduced for open cultivation in > 50 farmers fields along with precision farming interventions, which includes drip irrigation and fertigation, plastic mulching, Integrated Nutrient Management, Integrated Pest Management, Integrated Disease Management and good Post Harvest Management as a holistic package. Through these interventions, farmers could get 46 tons yield of tomato per acre earning a gross income of D 5.5 to 6.0 lakhs and a net profit of D 4.0 to 4.50 lakhs per acre per crop. The additional increased income from precision farming of tomato crop bought significant improvement in the livelihood of farm families, which reflected in the form of increased consumption of nutritional food, better health care of the family members, more investment on their children education and creation of more household and farm assets.