Criteria in Agricultural Investment Priority Determination.
Section 5
SEC. 5. Criteria in Agricultural Investment Priority Determination.—No agricultural activity shall be included in the Agricultural Investment Priorities Plan unless it is shown to be economically, technically, financially or socially viable after a thorough analysis by the Committee. The Plan shall specify each type of agricultural crop or activity as First Priority, Second Priority or Third Priority, taking into account any or all of the following criteria: domestic requirement; worldwide demand for the product; prevailing and projected world market prices; technical suitability of the crop or activity to Philippine agricultural conditions; innovativeness of the agricultural crop/activity or the technology employed in the production; linkages with desirable business activities; degree of risk involved ; import substitution; employment generation; and other criteria as may be determined by the Committee, such as the crop zonification plan of the government for a particular area.