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The State shall promote market-oriented policies in agricultural production to encourage farmers to shift to more profitable crops. The State shall adopt the market approach in assisting the agriculture and fisheries sectors while recognizing the contribution of said sectors to food security, environmental protection, and balanced urban and rural development, without neglecting the welfare of the consumers, especially the lower income groups. The production of rice and white corn shall be optimized to meet our local consumption and shall be given adequate support by the State. The State shall promote food security, including sufficiency in our staple food, namely rice and white corn. Thus, it is hereby declared the policy of the State to enable those who belong to the agriculture and fisheries sectors to participate and share in the fruits of development and growth in a manner that utilizes the nation’s resources in the most efficient and sustainable way possible by establishing a more equitable access to assets, income, basic and support services and infrastructure. Private enterprises, including corporations, cooperatives, and similar collective organizations, shall be encouraged to broaden the base of their ownership. In pursuit of these goals, all sectors of the economy and all regions of the country shall be given optimum opportunity to develop.
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The State shall promote industrialization and full employment based on sound agricultural development and agrarian reform, through industries that make full and efficient use of human and natural resources, and which are competitive in both domestic and foreign markets.
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– The goals of the national economy are a more equitable distribution of opportunities, income and wealth a sustained increase in the amount of goods and services produced by the nation for the benefit of the people and an expanding productivity as the key to raising the quality of life for all, especially the underprivileged. – This Act shall be known as the “Agriculture and Fisheries Modernization Act of 1997.” AN ACT PRESCRIBING URGENT RELATED MEASURES TO MODERNIZE THE AGRICULTURE AND FISHERIES SECTORS OF THE COUNTRY IN ORDER TO ENHANCE THEIR PROFITABILITY, AND PREPARE SAID SECTORS FOR THE CHALLENGES OF GLOBALIZATION THROUGH AN ADEQUATE, FOCUSED AND RATIONAL DELIVERY OF NECESSARY SUPPORT SERVICES, APPROPRIATING FUNDS THEREFOR AND FOR OTHER PURPOSESīe it enacted by the Senate and House of Representatives of the Philippines in Congress assembled: