A proposed 200 pesos salary increase may affect the agriculture sector

To farm workers standing and looking in the chicken on the ground.

On June 3, the House of Representatives gave its final approval to a bill proposing a P200 increase in the daily minimum wage in the entire Philippines, but several groups, including agricultural sectors, are against the wage hike due to possible inflationary effects on the economy, especially on agricultural sectors.

The Philippine Chamber of Agriculture and Food, Inc. (PCAFI) expresses their grave concern to the House of Representatives over the passage of the 200 pesos wage hike. They are concerned about the possible price increase of commodities because of wage hikes. In this case, as farmers and fisherfolk are not included in the hikes, agricultural workers and farmers are more affected by the wage resolution.

The possible effects of a 200 Pesos wage hike in the agriculture sector

Some of the concerns of other commerce groups and industries are the possible difficulty of implementing a wage hike, as not all businesses are capable of giving the said increase. So more companies, and definitely all of the businesses, will add these expenses to the product and service prices. The effect is like a domino effect in the consumer's finances.

The price of commodities will increase

As expected, once the company increases the expenses, their prices on its services and products will probably increase too. The agriculture sector is not included in the wage hike; more of them will be affected by the inflation of commodities. Then, farmers will suffer to finance their farming expenditures and operations.

Farm operational costs will increase

Farm inputs are a big deal in farming, as these are the foundation of farm operation. As the price of commodities increases, the possible price of fertilizers and seeds may increase too.

The small farmers are the major concern for fallout in farming in case of losses.

Farm worker scarcity

Farmworkers may be attracted to work in non-agricultural jobs and factories. Farm labor inflation may be triggered by scarcities. More farmworkers may be prepared to work in industries and factories as they are possibly attracted to the new salary price. Farm owners may have a hard time finding workers in town, and it will end up delaying the production of major commodities such as rice, root crops, vegetables, fruits, fish, meats, and eggs.

The 200 pesos proposed wage hike may have a significant effect on the lives of many office workers, factory workers, and company workers. But as the agricultural sector will be affected by the possible losses due to farm input increases following the wage hike, more groups and organizations are pleased to block the said bill by the Philippines President Bongbong Marcos.

Other related Articles:

•Resilient way for Philippines Government to address Financial Support to Farmers

•What do you think about farmers in the Philippines?

•The Vital role of Agriculture: Nourishing the world in many ways

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