CFAC Business Design

• The coconut industry is the oldest and one of the dominant sectors of Philippine agriculture.

• Coconut remains the country’s top agricultural export, annually earning an average of US$631.50 million (1999-2003).

• Of the 12 million hectares comprising the country’s farmlands, 3.12 million hectares, or about 26 percent, are devoted to coconut. Of these, 1.591 million ha. are in Mindanao, 860 thousand ha. are in Luzon, and 665 thousand ha. are in the Visayas.

• 68 out of 79 provinces are coconut-producing areas.

• It is a major crop in 1,195 out of 1,544 municipalities.

• Over 3.5 million farmers directly derive their income from the industry, while another 23 million depend on it for their livelihood.

• Contributes an annual average of 5.97% to GVA and 1.14% to GNP

• Among the top 5 net foreign exchange earners, with an average of US $760M per year.

• Coconut farms are widely distributed nationwide, largely in regions of Southern Luzon in the North and Mindanao in the South.

• There are around 324 M coconut trees in the country, about 85% of which are considered productive.

• A number of laws have been enacted since 1971 to institute various levies on the coconut industry. Notable among the various funds that have been imposed on the industry are the coconut investment fund, the coconut consumer stabilization fund, the coconut industry development fund, the coconut industry stabilization fund and the coconut reserve fund.