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MANILA - A prolonged 2005 dry spell likely trimmed growth in the
Philippines farm sector to some 2.5 percent, Agriculture Secretary
Domingo Panganiban said yesterday.
The preliminary figure was lower than the 2005 full-year
government target of 3.0-4.0 percent growth. Agriculture accounts
for about a fifth of the country's economic output.
"It would be safe to say that total output of this major economic
sector for the entire year could end up only slightly better than
two percent, assuming that the production performance in the fourth
quarter (was) much better than in the first nine months," Panganiban
said.
The exact figures are not yet available but department
officials said preliminary data shows that agricultural growth will
reach only about 2.5 percent.
Crop production actually declined by 0.3 percent in the first
nine months due to a first half dry spell that hit rice, corn and
sugar cane production, Panganiban said.
He said measures were being undertaken to increase the sector's
growth to "not less than four percent" in 2006. This would include
better timing in the release of agricultural funds and more government
spending.*AFP
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