With the outbreak of the novel coronavirus disrupting agricultural links to consumers, the Philippine government has sought to bolster food security by providing farmers with financial support and forming new localised supply chains. While these reforms have helped, a number of technological solutions also have the potential to strengthen the industry through greater access to finance.
The Philippines has lifted restrictions on rice imports under new legislation aimed at bridging the supply gap and reducing prices.
The Philippines is making efforts to modernise and strengthen its agriculture sector, with both the state and private companies promoting the adoption of advanced technology and smart farming methods to increase harvests and minimise losses.
The Department of Agriculture (DoA) has announced a raft of programmes planned for 2018 aimed at boosting farm productivity, though ensuring their viability will depend partly on funding allocations in the government’s proposed 2018 budget.
Increased export opportunities in the region should help drive further growth in the Philippines’ agriculture industry, which expanded strongly last year after overcoming the impact of natural disasters.
Having endured several challenging years marked by damaging typhoons, the Philippines’ agricultural industry made a spirited recovery in 2014, setting the scene for further growth this year across a host of segments.
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