I. The Introduction
The Value of Production in the Philippine Agriculture and Fisheries (formerly known as Performance of Philippine Agriculture) report presents the accomplishments of agriculture and fisheries during a particular reference period. The value of production is at constant 2018 prices and at current prices. The valuation is also done by commodity group (crops, livestock and poultry, and fisheries). These serve as inputs in the estimation of Gross Value Added (GVA) in Agriculture and Fishing.
The value of production in agriculture and fisheries covers all agricultural commodities, highlighting 22 commodities for crops, nine commodities for livestock and poultry, and 21 commodities for fisheries.
II. Data Collection and Registration System
The generation of the value of production requires data on volume of production and farmgate prices. These data are sourced from the following PSA surveys and administrative-based records from other government agencies:
III. Methodology
The valuation of agriculture and fisheries production is prepared quarterly. It is done as follows:
At Constant 2018 Prices
Valuation at constant prices is done by multiplying the volume of production of each commodity by the 2018 average farmgate price.
At Current Prices
Valuation at current prices is done by multiplying the volume of production of each commodity by the average farmgate price during the reference period.
The average prices of corn, coconut, banana, mango, tobacco, coffee, and onion are weighted using varietal classification, while cassava price is weighted by its use (i.e., food and industrial).
The farmgate price of sugarcane was derived by multiplying the volume of raw sugar by the price of centrifugal sugar. The resulting value is multiplied by 0.65 to indicate that 65 percent of the total value of raw sugar produced is the value of the product of agriculture. This is based on the prevailing 65-35 planter-miller sharing system. The total value credited to agriculture was divided to the total volume of sugarcane to derive the average price of sugarcane.
In the case of “other crops”, a set of indicator commodities was established. These indicator commodities are used to get the weighted price for “other crops”. It is derived by dividing total value of production by the total volume of production of the indicator commodities. This weighted price is used in computing the value of “other crops” production.
The prices of livestock and poultry are weighted using the type of farm (i.e., commercial and backyard).
For fisheries commodities, the prices are derived from the value of production at current prices divided by the volume of production of the reference year.
IV. Concepts and Definition of Terms
Value of Production at Constant Prices refers to valuation of transactions, wherein the influence of price changes from the base year to the current year has been removed.
Value of Production at Current Prices is the value based on prices during the reference period.
V. Dissemination of Results
The Value of Production in Philippine Agriculture and Fisheries report is being released quarterly in the PSA website.
Press release, statistical tables, infographics, and publication report are included in the web release.
VI. Citation
Philippine Statistics Authority. (2024). Technical Notes on Value of Production in Philippine Agriculture and Fisheries. https://www.psa.gov.ph/node/1684064878/
VII. Contact Information
Ms. Maria Clarinda E. De Guzman
(Senior Statistical Specialist)
Officer-in-Charge
Agricultural Accounts Division
(02) 8376-1954
c.deguzman@psa.gov.ph
aad.staff@psa.gov.ph
For data request, you may contact:
Knowledge Management and Communications Division
(02) 8462-6600 loc. 820
info@psa.gov.ph | kmcd.staff@psa.gov.ph
