| Various
factors are said to hamper growth including unabated agricultural
land conversion, world competition under globalization, natural
calamities / disasters, and other artificial catastrophes
(bureaucratic failure, cartel, smuggling, etc).
Science
and Technology (S&T) is among the best options to revive
this ailing sector. Success stories in the sector resulting
from S&T-based solutions abound. The breakthrough in mango
flower induction and the tilapia sex reversal technology are
among the more familiar examples.
Breakthroughs
were also achieved in the production of superior dairy-type
animals, high genetics water buffaloes, transgenic mango and
papaya with delayed ripening and disease resistance characteristics.
The
rates of return (ROI) in agricultural research for selected
commodities have been estimated at 11% - 163%, which are higher
than most other public investments.
Ironically,
the level of S&T investments in the Philippines is low,
in fact, below par with its Asian neighbors. Inadequate funding
limits S&T’s capability to conduct more research
and development (R&D) activities; and to promote matured
technologies.
Considering
that 75% of the rural poor and more than a third (37% or 11.7
million in 2003 estimates) of all working Filipinos are dependent
on agriculture for income and employment, investing in agriculture
S&T is one of the most direct strategies for decreasing
poverty. (Don Joseph M. Medrana, S&T Media Service) |