The national government has allotted P85.63 billion for the Agricultural Development Program, which is designed to make the agriculture and fisheries sectors more competitive and productive even as they empower farmers, fisherfolk and other stakeholders to improve their income
In a statement on Wednesday, the Department of Budget and Management (DBM) said the fund will support a number of projects, activities and projects of the government that will benefit agri-business development.
Under the Department of Agriculture, P21.8 billion will be invested in various programs to promote a more diversified, intensive, high-value and market-oriented crop and livestock production.
These programs cover rice, fisheries, coconut, corn, high-value crops and livestock and poultry.
“Many Filipinos, especially those in the poorest regions of our country, still depend on farms and fisheries for their livelihood. Projects that promote inclusive growth will ensure that farmers and fisherfolk will be able to participate in our thrust to maximize the country’s agri-business potential,” DBM Secretary Florencio Abad said.
Besides supporting farmers and fisherfolk in boosting crop and livestock production, the the DBM said the government will also help agricultural communities in improving their productivity, reducing their costs and improving their access by building more agriculture infrastructure.
These include the P22.2 billion fund for irrigation; P14.5 billion for farm-to-market roads; and P1.29 billion for fishery infrastructure.
“For the agricultural sector, the road to sustained economic growth will depend on the development of the country’s agri-business industry. With the increase in agricultural productivity and farmers’ income, stakeholders in the sector will be able to enjoy our country’s robust economic performance,” Abad said.