agriculturefinal(econ)mls2d
DESCRIPTION
AgricultureTRANSCRIPT
DEFINITION OF TERMS:AGRICULTURE- is the cultivation of animals,
plants, fungi, and other life forms for food, fiber, biofuel, medicinals and other products used to sustain and enhance human life.
GROSS DOMESTIC PRODUCT- The monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis.
GDP = C + G + I + NX
GROSS NATIONAL PRODUCT- An economic statistic that includes GDP, plus any income earned by residents from overseas investments, minus income earned within the domestic economy by overseas residents.
GNP = GDP + Net factor income from abroad
SIGNIFICANCE TO THE ECONOMY Source of Livelihood Contribution to National Income Supply of Food and Fodder Importance in International Trade Marketable Surplus Overall Economic Development Source of Government Income Source of Saving Food Security
PROBLEMS IN AGRICULTURE IN THE PHILIPPINES
The rampant conversion of agricultural land into golf courses, residential subdivisions, and industrial parks or resorts.
They lack capital for seeds, fertilizers, pesticides, and wages for hiring workers to plant and harvest the crops.
Farmers' continued reliance on chemical-based fertilizers or pesticides that have destroyed soil productivity over time.
Environmental damage is another major concern. Has not received adequate resources for the
funding of critical programs or projects, such as the construction of efficient irrigation systems.
STATUS OF THE PHILIPPINES IN AGRICULTURAL MARKET
Majority of Philippine farms remains basically engaged in smallhold agriculture.
From 1990-2004, agriculture’s share to GDP dropped from 21% to less than 15%.
In 2004, 37% of total population still engaged in agriculture.
From 1992-2003, our annual growth rate in agriculture (value added) is posted at 2.5%
The farm sector expanded 1.83 percent in 2014 in terms of production volume, faster than the growth of 1.12 percent in 2013.
The agricultural sector grossed P1.6 trillion at current prices, up 9.71 percent.
PSA noted significant increases in palay yield in Cagayan Valley, Central Luzon, Mimaropa, Bicol and the Davao region. Corn production rose due to sustained use of hybrid varieties.
Livestock production (comprising 16.10 percent of the 2014 production) rose 1.02 percent in 2014, slower than production growth of 1.76 percent in 2013.
The poultry subsector (with a share of 14.54 percent in the total production) grew at a slower rate of 0.27 percent in 2014 against a growth rate of 4.29 percent in 2013.
Production in the fisheries subsector (which accounted for 17.65 percent of the total farm output) declined by -0.15 percent in 2014 from a growth rate of 1.24 percent in 2013.
Average farmgate prices in 2014 rose 7.74 percent, faster than the growth rate of 2.50 percent the previous year.
AGRICULTURAL PERFORMANCE OF THE COUNTRY COMPARED TO OTHER COUNTRIES
RICE CORN COCONUT
VIETNAM 4.95 THAILAND 3.63 VIETNAM 63.95
INDONESIA 4.57 MALAYSIA 3.00 INDONESIA 61.05
PHILIPPINES 3.59 PHILIPPINES 2.08 PHILIPPINES 43.73
Yield (mt/ha) of selected crops
Lowest crop production growth in Southeast Asia along with Thailand (based on World Development Indicators of the World Bank)
Philippines and Thailand – 20 index points Malaysia – 35 index points Transition SE Asia (Lao, Cambodia, Myanmar
and Vietnam) – 48 index points
ARABLE LAND TO TOTAL AGRICULTURAL LAND COUNTRY %
Country % Share
Philippines 47
Thailand 79
Cambodia 70
Vietnam 72
Agricultural areas contract yearly by 2,631 ha due to conversion to other uses.
Low irrigation efficiency. Actual area irrigated is 52% of designed service area (out of 100 ha, only 52% is actually irrigated).
LEVEL OF MECHANIZATION
Country Hp/ha
Japan 7.000
Korea 4.110
Republic of China 3.888
Pakistan 1.020
India 1.000
Thailand 0.790
Iran 0.700
Sri Lanka 0.580
Philippines 0.520
Indonesia 0.410
High 33% post harvest losses in rice and 30% in corn.
Annual public R&D budget is 0.28-30% of GVA, way below World Bank prescribed 1% for developing countries. R&D expenditures in agriculture perennially low.
MAJOR PRODUCTS
Country's main agricultural crops: Rice Corn Coconut Sugarcane Bananas Pineapple Coffee Mangoes Tobacco Abaca