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Agriculture directly accounts for less than 10% of GDP. If we consider, however, the entire agri-food value chain, agribusiness contributes 35% of GDP and employs 10 million people, about a fourth of the country’s labor force. Diversification is weak with some 80% of the croplands planted to only three crops — coconut, rice, and corn which all produce much below potential if we are to compare them to levels of productivity in their ASEAN peers. It is no surprise then that Philippine agricultural exports are way behind their ASEAN peers. The Philippines is also the only country with a negative trade balance in agri-food trade.
• Diversifying the land use based on market signals. Large tracts of land now devoted to rice and coconut can be shifted to high-value fruits, vegetables, and commercial forests.Promoting value adding in the rural areas through agro-processing. Such processing can be done at all scales of business, i.e., micro, small, medium, and large-scale. If raw materials are produced at lower costs, food processing at all these scales of production can compete with imports.
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