PH needs ‘cohesive’ masterplan to develop agriculture
Amid issues hounding the National Food Authority (NFA) and the Department of Agriculture (DA) for its bukbuk-infested rice as well as the imported galunggong laced by formalin, a former government official has called for the need to make a ‘cohesive’ masterplan to develop the agriculture sector.
“Philippines needs to create a cohesive master plan on how to develop the agriculture sector. Government also needs to seriously consider other more high-value crops in which we have more competitive advantage, e.g. cacao and coffee, to give farmers more income security,” Former finance secretary Gary Teves said in Boo Chanco’s column at Philippine Star.
“On opening the agriculture industry to foreign investors who can share modern technology to improve productivity, I Agree,” he added.
Teves also further said that Philippines should lift the restrictive economic provisions and allow foreign investors who have the capital, technology and expertise to develop agriculture.
“In summary, the government should give more attention and resources to agriculture to increase productivity, generate more jobs, and, hand-in-hand with the private sector, enable it to become a primary mover of the Phillippines economy,” Teves said.
“A higher agricultural growth rate is needed to grow the Philippine economy faster and attain more inclusive growth and development sooner,” he added.