In 2012, the contribution of agricultural industry in economy has reached a low point of 11.1%, almost one-third of its contribution back in 1946.Agriculture grew by 2.92 percent in 2012 and a growth of 3.30 % has been recorded for initial 3 months of the current year 2013 and this is due to the increase in production in all agricultural subsectors. There was an upward trend in the subsector of crops and livestock/poultry although the latter showed a much slower pace in increase. Despite the negative growth registered in the fisheries subsector, the increase this year has noticeably been the highest among all agricultural subsectors. Emphasizing current prices, the agriculture sector has already grossed at P352.5 billion which also represents an astonishing 3.33% growth as compared to its performance last year.
by: Bamba, Canovas, Lee, Pascual