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Mr. Edward S. Tayengco, the president of the E.S. Tayengco Development Options and Economic Research Services said that mass poverty thrived among farmers of developed countries when they adopted the free-market policy but poverty incidence decreased upon adoption of the public utility policy. Under a public utility policy the symbiotic relationship between the agriculture and industry sector is strengthened and can contribute to the rapid and stable economic growth of developing countries. He also mentioned a new policy ‘producer-controlled marketing boards’ which objective is to control supply in order to 1) raise farm prices and income; 2) produce market power; and 3) increase production and marketing efficiency. He recommends the Department of Agriculture to study the desirability of organizing and operating boards of developed countries. This way, the Philippines may be a step closer to eradicating mass poverty in agriculture.
Dedicatoria, R M M., 2010. Dissecting the Poverty Trap in Agriculture: An Agribusiness Approach. SEARCA, www.searca.org (26 January 2010). |
