For many years, the Philippine agriculture sector had to contend with the seeming disinterest of policymakers in putting more money into initiatives that are designed to boost farm productivity. Know more:
have significantly increased the country’s food supply have been few and far between. Because of this, the share of the agriculture sector to the country’s gross domestic product—or the sum of goods and services produced within a country’s borders—has dwindled to just 10 percent, from 20 percent a decade ago.
Last month, the president of Bayside Terminal and Transportation Services Inc. pointed out that rural areas in the country are in dire need of cold chain facilities. These cold chain facilities will help producers preserve food items and prevent them from incurring losses because of spoilageEven simple equipment, like ice-making machines, could not be provided to local fishermen who are forced to travel far just to procure the ice they need to preserve their catch.
What’s compounding the woes of local planters is that there is a dearth of investments from the private sector despite several appeals made, and incentives dangled, by the government. This is because putting one’s money in Philippine agriculture remains a risky venture given the vulnerability of the sector to natural and man-made disasters.
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