Economic Policies and Philippine Agriculture

Evaluation of the impact of general policies, such as trade and foreign exchange, financial, fiscal and employment policies and specific measures relating to subsectors in agriculture, such as price policies, credit programs and efficiency, indicates that almost all agricultural activities investigated appear to enjoy a comparative advantage. Evidence suggests a strong economic potential in agriculture. While price interventions are unquestionably geared to promote various development goals, such policies have been adverse to agriculture sector. Several problems in the agriculture’s subsectors are also identified.