The Philippines has long been a major agricultural producer and is situated close to many future centers of demand. Yet, growth within its agriculture sector has been sluggish. This article pinpoints several ways to boost growth.
A third of the Philippine population depends on agriculture for its livelihood, but this sector accounts for less than a tenth of GDP. Factors hindering growth: the Philippines has the region’s oldest farmers with an average age of 57 and relatively low levels of mechanization. However, compared to other countries, there is potential for the Philippines to improve its yields by as much as two to four times, depending on
This article highlights key strategies that can help drive growth in the agriculture sector and boost yields across the country.
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