Agriculture is very much vulnerable to the unpredictability of nature. With agricultural
production representing the major livelihood of many resource constrained Filipino
farmers, the impact of natural disasters and other agricultural risks cannot be taken
lightly. Other agribusinesses and commercial farms that operate with higher capital and
better technology on better lands are also not spared from the same risks. The need to
safeguard the interests and investments of local farmers and industry players is therefore
of paramount importance.