IN the past, we agriculture academics and analysts complained about the relatively low funding devoted to the sector's development under the national government budget.
IN the past, we agriculture academics and analysts complained about the relatively low funding devoted to the sector's development under the national government budget.The budget for agriculture has hovered below 2 percent of the yearly General Appropriations Act . In contrast, neighboring Asian countries have provided budgets of 4 percent or more of their yearly appropriations. We argued then that this was one of the reasons why we could not foster sustained agricultural growth.
This will trigger record-high rice imports of nearly 5 million MT, a staggering volume that will earn the Philippines the unenviable tag of being the largest rice importer in the world. And yet rice prices remain sticky high.What happened to all the money poured into rice? A good analogy for an answer is the status of our flood control projects.
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