Despite earlier pronouncements that the Duterte administration will usher in the “golden age” of Philippine agriculture, the latest Philippine Statistics Authority (PSA) report showed the sector’s performance over the past five years had been disappointing.
It also has been the consistent lowest contributor to the economy at an average of 9.92 percent yearly against the industry and services sectors that contributed 30 percent and 60 percent on average, respectively.
The PSA, in its Agricultural Indicators System for Economic Growth, studied figures between 2016 and 2020, with 2018 as the baseline year. It aims to gauge the development of the sector and pinpoint what can be done to…
Keep on reading: Agriculture remained economic laggard in past 5 years