From the development of commodity industry value chains analysis reports translated into the Provincial Commodity Investment Plans (PCIPs), P1, 670, 038, 585 worth of public and private investments has been recorded, a report said.
The PCIP, a tool of the Department of Agriculture Philippine Rural Development Project (DA-PRDP), assisted the Provincial Project Management and Implementation Unit craft their PCIP. It has become an essential tool for leveraging investments for the agriculture and fisheries sector bolstered partnerships between the local and national governments. The DA-PRDP Regional Project Coordination Office 2 Monitoring and Evaluation Unit has released the data based on the latest report showing how different funding agencies had helped local economies.
Narciso Edillo, DA Regional Field Office No. 2 Executive and Project Deputy Director, said he is overwhelmed with the robust collaboration with the provincial local government units (PLGU) and non-government organizations (NGO) through investments in the Cagayan Valley region. “This proved that we can always work together for the benefit of farmers and fisherfolk here. The record showed the DA invested a total of P467, 693, 589, while PLGU and NGOs had a total contribution of P891, 929, 888. Safe to say that they have a fair share of the total investments.”
According to Edillo, aside from the PLGUs and NGOs, many are coming together to contribute and support the constituted investments, some of which are the Office of the President with Php 5,200,000, Departments of Science and Technology with Php 6,988,000, Environment and Natural Resources with Php 22,021,235, Trade and Industry with Php 64,789,991.48, and Public Works Highway with Php 157,000,000, Municipal and City government units with Php 34, 715, 880, and a foreign donor with Php 19,700, 000.
The leveraged investments showed the effectiveness of PCIP as a planning tool in the preparation of investment programs for developing the agriculture and fisheries sector among the different LGUs.
For her part, Regional Technical and Deputy Project Director Rose Mary G. Aquino said the PCIP of DA PRDP had been one of the practical tools to be used in terms of planning. She also said that since its project implementation, PRDP’s processes have proved that it can achieve its goal in establishing a modern, inclusive, value-chain oriented, and climate-resilient agriculture and fisheries sector.