The Philippine agriculture department has assured that the government’s bid to attract foreign investments to farm ventures will not compromise the country’s food security and self-sufficiency targets.
The United Nations says the issue of food security has become one of the world's fundamental challenges. In the Philippines, the government has started looking beyond its borders as it tries to boost domestic agriculture. Many small farmers, however, are not happy about that, as Marga Ortigas explains
THE Department of Agriculture (DA) wants to create exclusive economic zones for agribusiness that would take into consideration the nuances of food production and an expanded set of incentives for locators.
The Philippine government has invited visiting investors from the Kingdom of Saudi Arabia to invest in the halal food industry, said Agriculture Secretary Arthur C. Yap. "They have the fund...we have to find a way to convince them to invest in the Philippines," he said.
Agriculture Secretary Arthur Yap said corporate executives representing the big agricultural businesses in Saudi Arabia have raised concerns about the Philippine agrarian reform and limiting foreign land ownership as they indicated interest in acquiring tracts of plantation land and poultry farms.