Gross value in output of agriculture at current prices is an indicator to evaluate the performance of agriculture sector. It includes the volume of production and prices of crops, livestock, poultry and fisheries.
The increase of the gross value in agriculture is mainly due to the increased production of crops specifically, grains. Other crops help improve agriculture`;s performance through land expansion and the provison of farm equipment by the Department of Agriculture over the last two years. This is evident in the almost 9% increase from 2016- 2017.
However, natural disasters such as typhoons and El niño decreased the gross value of agriculture due to a decline of production. 2014-2015 is such a case, where gva plummeted by 51%.
On the other, increase in farmgate prices is attributed mostly by the prices of livestock and poultry.