The Philippines has made impressive progress in reforming the agricultural sector, but more can be done to ensure that farm policy helps further reduce poverty and ensure greater food security, according to a new OECD report.
This report analyses Philippine agricultural policy. Agriculture provides 30% of total employment in the Philippines and represents 11% of its Gross Domestic Product. The Philippines has had notable recent overall economic success, yet improving agricultural performance remains challenging. Productivity growth lags behind other Southeast Asian countries, and a number of policy distortions hinder progress. With agricultural land resources also under pressure from frequent natural disasters, rising population and urbanisation, the report offers a series of recommendations to improve the sector’s performance and its ability to adapt to climate change.
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The Millennium Declaration set 2015 as the target date for halving the number of people living in extreme poverty. This paper examines the role of the agricultural sector and looks at 25 developing countries who have posted extraordinary success in reducing extreme poverty.