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Significance of Agriculture
Source of Livelihood
The main source livelihood of many people is agriculture.
Approximately 70 % of the people directly rely on agriculture as
a mean of living.
Marketable Surplus
The growth of agricultural sector contributes to marketable
surplus. Many people engage in manufacturing, mining as well as
other non- agricultural sector as the nation develops.
Economic Development
Since agriculture employs many people it contributes to
economic development. As a result, the national income level as
well as peoples standard of living is improved. The fast rate of
development in agriculture sector offers progressive outlook as
well as increased motivation for development.
Source of Saving
Development in agriculture may also increase savings.
Food Security
A stable agricultural sector ensures a nation of food
security. The main requirement of any country is food
security.
Underfunding
- public expenditures for agricultural research in real terms
and as a ratio to agricultural gross value added (GVA) declined
significantly throughout the past decade.
Institutional Weakness
Limited technological progress in Philippine agriculture has
been caused not only by under investments but also by
institutional weaknesses that adversely affect the financial
support, efficiency, and effectiveness of the research and
extension system.
-
Environmental damage
Subsectors:
Crops
Livestock and Poultry
Fisheries
Economic Performance
In 2013, the country's Gross National Income (GNI) grew by 7.48
percent. Gross Domestic Product (GDP) posted a 7.18 percent
growth. Gross Value Added (GVA) in agriculture and fishing went
up by 0.90 percent. This sector contributed 10 percent to the
GDP.
Prices
On the average, farmers gained 2.18 percent from the
prices they received for their produce in 2013. Prices of
cereals rose by an average of 3.17 percent. Increases in
prices were also noted in roots and tubers, as well as fruits.
Poultry and livestock products posted the biggest price
gains at 12.86 percent and 7.48 percent, respectively. Prices
of fishery products went up by 1.03 percent. On the other
hand, price cuts were registered for commercial crops at
4.62 percent and vegetables and legumes at 0.25 percent.
Meanwhile, prices paid by consumers for food and nonalcoholic beverages were up by an average of 2.79 percent
in 2013.
Exports
Region 1: Illocos
Tobacco, Mangoes and Peanuts
Region 4: Calabarzon
Cofee beans and banana chips
Region 5: Bicol
Abaca