EXPERTS believe that decades of failed policies have resulted in grave neglect of Philippine Agriculture. Once upon a time, it was the country's major contributor to the economy before the Philippines was colonized by superpowers.
He cited capital, post-harvest facilities, climate change, market access and innovation. Let me explain this in layman's terms:– Capital. To operate a small farm, farmers need capital for such inputs as fertilizers, pesticides, etc. Usually, they resort to borrowing from loan sharks, as they cannot have access to formal credit institutions with many complicated requirements and processes. In 2020, banks were able to loan only 6 percent of the loanable amount of $116.
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