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Agriculture Secretary Francisco Tiu-Laurel Jr. underscored the importance of sustainable agriculture and its role in ensuring a sufficient supply of affordable food for future generations.
He said agriculture significantly impacts food prices, a key factor in inflation and influences the Bangko Sentral ng Pilipinas’ interest rate decisions. Tiu-Laurel said these goals could be reached by adopting modern and sustainable farming practices, improving farm competitiveness and profitability and utilizing mechanization to increase yields and lower production costs.
Agriculture Undersecretary for operations Roger Navarro, in a separate speech, cited the month-long celebration as a recognition of the farmers and fisherfolk’s contributions to the national economy.
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