Insight - Investing in our farms

TheStar Wed, Jan 06, 2021 09:20am - 3 years View Original


Economic backbone: The Finca Del Carmen coffee plantation in Lipa, Batangas, in the Philippines. The agriculture sector there has been held back all these decades by lack of investment. — Bloomberg

IF we do things right henceforth, agriculture could well be the game changer for the Philippines’ post-pandemic economic future. After all, it was the only major economic sector that defied the economic downturn, posting positive growth while the overall economy went on a steep dive.

More remarkable is the fact that for many years, it has been the sector that consistently dragged overall economic growth as industry and services far outpaced it.

What the pandemic experience has shown is that agriculture possesses an innate strength not seen in the other two sectors, and this has led me to describe it as our economy’s ultimate backbone.

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