The latest official poverty statistics for the basic sectors released by the Philippine Statistics Authority (PSA) last month held no surprises. Know more:
The latest official poverty statistics for the basic sectors released by the Philippine Statistics Authority last month held no surprises. According to the PSA, farmers and fishers remained as the poorest basic sectors in 2021. This has been the trend for the last 15 years, according to available data from the agency .
The silver lining in the latest PSA data is that poverty incidence among farmers declined by 1.6 percentage points in 2021. However, the poverty incidences of fishers and children went up by 4.4 percentage points and 2.5 percentage points, respectively, in 2021 from the levels recorded in 2018. The PSA report did not provide an explanation why more fishers and children fell into poverty during the period.
Judging from the figures released by the official statistics agency, it may take a while to convince the youth that agriculture can be a profitable venture. This means that the current administration will have to work double time to find the right mix of policies and programs that will allow farmers to leapfrog to a higher income. It must also assess existing mechanisms that aim to assist the nation’s food producers, such as the Pantawid Pamilyang Pilipino Program or 4Ps.
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