crop in National Development Plan of each country 6. Budgetary support 1. Sourcing of grants to fund priority projects 2. Promote projects that require counterpart funds from government IV. Assessment of Coconut Industry in the market The coconut industry is a resilient one, full of potential but has many weaknesses. While it hosts many opportunities, it also faces many threats. The coconut industry is a good industry for business because it offers a lot of opportunities and it can be started by anyone. Almost 70% of the country’s geographical area is covered under coconut plantations so it has higher accessibility to anyone who wants to pursue it. The coconut industry also is cheap for it does not require fertilizers or pesticides to get the plantation going. It also has the ability to inherent its land or farm among local people who wants to continue the business. And lastly, coconut industries can guarantee a good income from exports of coconut overseas are in full demand and the Philippines is one of the top exporter of it. But the down side of this industry is the maintenance. Also, coconut industry in the Philippines is not highly technologically maintained. It means that the country lacks technological machines that can yield better coconut products and can increase production resulting in a higher export rate. Apart from these weaknesses, opportunities in this industry include the potential for export of value added organic products and the potential for improving production through sustainable development as well as productivity. The coconut industry also has many threats. One of which is the uncertainty of the weather leading to the destruction of the land and disruption of ferry services. There is also a big possibility that youths may be reluctant in taking up farm activity due to modern worldly living.
Coconut Industry is very important to our country because a large part of the country’s export depends on it. It also boosts the economy’s standing for our country is the top exporter. More coconut industries should be established giving more job opportunities and increasing the country’s employment rate. And since our country is rich in coconut bearing trees, there should be a high percentage that industries in the Philippines are mostly on coconut. This increases our country’s supply and demand on coconut yielding to a better and stable economy. Sources: Dayrit F. A Brief History of the Philippine Coconut Industry as Reflected in the PJS, 1906 to 2005.. Volume 1 , p231-252. Philippine Coconut Authority (2013). 2013 Outlook for the Coconut Industry. Manila. Retrieved from Coconut Statistics. (2014). Retrieved from Philippine Coconut Authority: http: // Dy, R. (2006). The Philippine Coconut Industry: Performance, Issues and Recommendations. Retrieved from - Philippine-Coconut-Industry-Perfor...
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