Index IntroductionAdvantages and Disadvantages of Contract FarmingEscaping Poverty Through AgribusinessKnowing Poverty and Reducing ItApplying Technology to Agribusiness in Latin AmericaAgribusiness Through the YearsConclusionReferencesIntroductionThe Department of tourism said, “It's more fun in the Philippines.” One of the reasons it's fun in the Philippines is because it has one of the world's greatest biodiversity and its abundance of natural resources. The natural topology and climate of the Philippines make it extremely compatible with agriculture. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned” Get an Original EssayAccording to the World Bank, agriculture in the Philippines employs 27.7%. of the Philippine workforce in 2017, making it the world's eighth largest rice producer, accounting for 2.8% of global rice production according to FAO statistics in March 2011, followed later by other major agricultural crops such as maize , sugar cane, coconut, coffee, mango, pineapple, tobacco, bananas and abaca. of these resources given to use by nature, poverty is still one of the reasons why the Philippines is “not fun”. The Philippines' poverty rate decreased from 25.2 percent in 2012 to 21.6 percent in 2015, as indicated by the Family Income and Expenditure Survey (FIES) directed by the Philippine Statistics Authority (PSA). In any case, despite the decrease in these figures, clear issues relating to the problem of poverty still remain. One of the most obvious is the continued prevalence of poverty in most basic sectors of the country. According to the Philippine Statistics Authority's Basic Sector Poverty Incidence Table: 2006, 2009, 2012 and 2015, five of the nine essential divisions controlled by the PSA – farmers (34.3%), fishermen (34.0 ), children belonging to families with income below the official poverty threshold (31.4), independent and unpaid family workers (25.0) and women belonging to poor families (22.5) – have higher levels of poverty compared to the general population (21.6%). Since 2006, farmers and fishermen have consistently been ranked as the two sectors with the highest incidence of poverty. In most countries, agriculture is not considered attractive. Rather, it is seen as a one-way ticket to poverty and drudgery. Young people are leaving the countryside to seek better opportunities in urban areas. The fundamental role of the agricultural sector in the overall economic development of a country, as stylized in the economic development literature, is well known. First, it provides food to the country and raw materials to the rest of the economy. Second, it provides a significant market for the products of the non-agricultural economy, as it is one of the buyers of agricultural inputs, as well as consumer goods and services produced in the non-agricultural economy. Finally, as the sector grows and modernizes in the face of a limited supply of agricultural land, it releases excess labor into the industrial and service sectors. It provides farmers with work and source of living and employment, even though they work hard enough for their family, many farmers are poor in rural areas where agriculture is the main source of livelihood and employment. Thirty years later people still tend to find that in developing countries people who depend on agriculture for a living are typically much poorer, even if they work hard, than people who work in other sectors of the economy and who represent a significant share, often the majority, of the total number of poor people in the countries in which they live.Although farming and agricultural life is one of the best and famous jobs in most countries, farmers do not receive enough money offered by their partners. Every three months, the prices received by farmers increased by at least 2%. The products are crops, livestock, fisheries and agricultural businesses. Developed countries like Singapore are wealthy, even if they are not focused on agriculture. Singapore also held a conference titled Ag-Con Asia at the Marina Bay Sands Expo and Convention Centre, which mainly focused on manufacturing innovative technologies and business. Because it has a climate for innovation, a strategic location and strong competencies that can transform agriculture and aquaculture in the Asia-Pacific region. This research paper is about the study of agri-food and technological innovation over the years. Countries that produce and import agricultural products in the Philippines and whether in the following years the poverty of the Philippines will be overcome or the country will remain where it was and become one of the third world countries.Advantages and Disadvantages of Contract FarmingAs stated by Dr. Rolando Dy in his article “Changing World”, contract farming is where farmers and buyers set their own conditions on products, their production and how they are sold and imported into other countries. Contract farming is famous and applied throughout Southeast Asia, especially in oil palm products, dairy products, seeds, vegetables and broiler chicken. In the Philippines, most of the chicken produced is contract raised by San Miguel and Bounty Farm, from the birth of chicks to hatching and growing. The advantage of this contract farming is that the seller has the ability to negotiate the terms and conditions when it comes to exporting the agricultural products, they can also undergo this type of test and if it fails they can look for a new buyer who meets their needs. It has also increased farm incomes because they have many buyers to choose from, to whom their terms apply. Since the buyer accepts the seller's contract conditions, he gets the supply of the products on time as he exports them to the respective buyers. It also introduces higher crop value and quality, as the supplier will go through a staged process where they will carefully choose products that meet the buyer's needs. Buyers also have access to the market whenever they choose or simply browse a farm's products which can increase their market supplies. Contract farming also has its disadvantages, an example of this is monopoly buyer power where the degree of price setting held by a supplier based on its market share. The buyer can negotiate the price when he is satisfied based on the price in the market and his supply demand. Farmer owners can also be changed to any family farm. The company's preference towards large farms, where even smaller farms can have a chance, also has its limited payouts. Looking at other industries such as sugar companies, they have the problem of selling via contract cultivation to other buyers who offer higher prices, thus neglecting the first one who offered because they don't have enough money to supply. Over the years, companies have the ability to change the contract and its standards, such as having higher standards and strict policies, payments from other companies also cause delays when farmers have nothing to do, they just have to wait for receive their income with both hands. While other companies require you to use acertain type of fertilizers, obviously farmers should purchase and search for that certain type of fertilizers that the company wants. Farmers need new equipment even if they don't have enough money to buy new technologies to be able to have a much easier workload. Workers are also forced to work overtime at different times, the company also requires the product to be delivered at a specific time. Escaping Poverty Through Agribusiness Supply and demand for products has no balance when it comes to exporting a group of companies. The demand for a certain product is to produce unlimited supplies so that everything that is made can be sold. In the long term, this causes oversupply. Because agricultural products have an expiration date, negotiating and market powers are weakened because farmers are under pressure to sell their products before they spoil. They are therefore forced to accept the low payments offered by buyers. This causes farmers to remain poor. Farmers are fleeing from this poverty trap in agriculture. Mass poverty increased among farmers of developed and innovative countries, it was when they tried to adopt free market policy, this poverty decreased with research when they decided to adopt public benefit policy. Our country is currently trying to do it in the free market, raising the hopes of farmers to change the system, as Edward Tayengco said. Changes observed when this public utility policy of the symbiotic relationship between the agricultural and industrial sectors is strengthened. They noted that the supplier of food and raw materials and an adequate market for industries' products and services become economically healthy, this strengthened relationship can contribute to the rapid and stable economic growth of developing countries. A new policy called “producer-controlled marketing boards." It involves organizing and training farmers into compulsory cooperatives and legally giving them monopoly powers to organize the marketing of products and policies. This new policy allows them to negotiate with companies and buyers who offer them low money that cannot support or is not enough for their budget when exporting goods. The goal of this policy is to control the supply, in order not to produce an unlimited supply which would only cause the product deterioration and low-price supply, increase one's farm within the price range and income of workers, produce market power that can be known and trustworthy, and finally is to increase the efficiency of production and marketing with the production of reliable, high-quality products to be distributed. Knowing poverty and a success in reducing itKnowing poverty should have a list of countries where agriculture or agri-food is practiced implemented. The researchers' type of study includes data on expenditures related to the production of agricultural goods. This data relating to prices and exchange rates will be used within a certain calculation which will then be the result of the comparison of the expenses of each country. If the indicated amount is less than the chosen poverty threshold, then that individual is considered to be in a state of poverty. The change in real spending between any two time periods will reflect the changes in income or prices between these two periods, the value of the poverty line. -Poverty count and rate. If in some cases per capita income increases, spending on goods and services will also increase. The mathematical relationship between consumer spending and income, themarginal propensity to consume tends to be higher for the poor than for the rich. Therefore, as the income of the poor increases, some of them will begin to spend the money wisely and spend more than the daily spending threshold, leading to a lower poverty count and rate. There will also be a decrease in consumer prices, i.e. consumers will purchase more goods and services with a high quality standard with the same budget and it will also be said that an increase in real expenditure will lead to fewer people in poverty. Excellent agricultural performance leads to reduced poverty as measured by both income and price range. A high share of poor people depend on agriculture for income, higher demand equals higher supply. It is natural to think that an increase in demand means it can reduce poverty, perhaps as previous research findings suggest, even more than a general increase in farmers' incomes. Likewise, because food companies account for a high share of consumption spending by the poor, it is also tempting to think that lower food prices, for example, might accompany an increase in per capita food production. This research it is not guaranteed, an ambiguity arises precisely because many poor people depend on agriculture to live. So depending on what causes the daily prices. These possibilities place a question mark on the relationship between poverty and food production as an area that requires further exploration and research. Applying Technology to Agribusiness in Latin America Labs in Argentina launched its first Agtech acceleration program, called “Agrotech” to identify with “agro: slang for agribusiness, in the region in 2016 with a group of no more than 10 startups with almost no funding and early adoption by farmers. Agtech Week culminated in the Aapresid Congreso, with an audience and listeners of over 5,000 Córdoba farmers paying attention to the possibilities of Blockchain and other frontier technologies from both local and international entrepreneurs and tech companies. Last year, Agtech also partnered on development with Pulse, an innovation hub in Piracicaba, Brazil, along with Raizen, Brazil's largest ethanol producer, to develop pilot projects with agtech startups. While there are many interested local businesses, institutions and farmers trying to understand the implications of new technological developments: much of the initial interest in Blockchain, such as whether which cryptocurrency they should invest in, the technology has yet to be broken down the supply chain. value of agri-food. If global agricultural production must grow by 60% by 2050 to meet global demand, Latin America's production must grow by 80%, according to its statistical calculations, market participation and growth potential. This translates into a greater focus on increasing yield, rather than expanding territory or increasing cropping intensity. In some factors, Latin America has been a pioneer in the adoption of agri-food technology thanks to its innovation. An aspect rooted in the Argentine farmers' association Aapresid is the adoption of the practice of direct sowing without tillage, which reduces soil erosion; it now accounts for 81% of Argentina's arable land. Collaborating with the adoption of high technology with market share, local companies have thought of an opportunity to grow globally in the shadow of global leaders in their key markets. While the Agtech venture capital firm focused on technology opportunities in Latin America,NXTP Labs is looking for new technology business opportunities that capture large market opportunities where local entrepreneurs can have a competitive advantage over international ones. Latin American agri-food is relevant in the global food export market and already has examples of successful entrepreneurs using innovative technology both in the application of technology and in the agri-food sectors as role models. Latin America plays a key role in the food and agribusiness value chain and has yet to launch with major, high-quality agtech players that can leverage regional advantages to become dominant in terms of global players. It doesn't have the risk liquidity track record of the United States when its market is less integrated. However, several subsectors provide an advantage for local entrepreneurs to develop local solutions to problems shared by farmers, suppliers, processors and distributors in a given region. Agribusiness over the years People know that agribusiness is important to many countries, as the people who live there farming and agriculture are their income and their source of living. Over the years, agriculture has changed, technology has adapted, and many farmers have won many buyers due to the ease of agricultural production. Comparisons with international experience suggest that the country has average results in terms of territorial productivity. According to Rosegrant and Hazell (2000), from 1967 to 1995, yield growth in developing Asia averaged 3.3% per year, with the highest growth in one of the world's largest populations being China, Indonesia, Pakistan and Vietnam. The lowest growth performance occurred in Nepal; the Philippines is somewhat in theAt the center of productivity, yield growth in the Philippines coincided with the Green Revolution period. There are a lot of changes in agriculture over 50 years, Travis Miller said, and he has conducted research he finds fascinating. He has discovered some key advances when it comes to agriculture. Farmers are bothered by the pest destroying their farms, but over the years, pest management through genetically modified plants has been adopted; establishment of integrated pest management programmes. Farmers have discovered plant breeding that allows for high plant populations for productivity and faster supplies. Precision planting equipment so that farmers are not bothered by difficult planting and to facilitate their nature of work. People also came up with the idea of ​​better formulated fertilizer and application equipment for better quality of agricultural products. Also farming with a global positioning system that has faster, bigger and more efficient tractors and combines, mapping plant genomes that allow for faster reproduction; rapid and more accurate soil analysis; and semi-dwarf wheat varieties. The effects of this advancement in agricultural products include that wheat producers have benefited from semi-dwarf varieties, resistance to Hessian flies, grain mites and green bugs that prevent pests from destroying plants. Advances in crop management have made increased yields possible, and when the weather cooperates, more produce will obviously be provided. The use of commercial and better formulated fertilizers has also helped farmers increase yields. Soil testing technology has improved and helped farmers identify the fertility of needed plants. Innovative equipment for disinfestation. 9, 2018