Foreign and domestic investment in agriculture plunge in 2013

?Republika/Aditya Pradana Putra
Local fruits (illustration)
Red: Yeyen Rostiyani

REPUBLIKA.CO.ID, JAKARTA - In 2013, foreign investment in the agriculture sector was worth 1 billion USD or 9 percent of the target set at 10.1 billion USD, while domestic investment was recorded at 4.02 trillion IDR or 1.55 percent of the target set at 259.4 trillion IDR this year. The figures are far below the target or even lower than the realization in 2012.

Regarding employment, Minister of Agriculture Suswono said earlier this week that the agriculture sector had employed a total of 38.07 million workers until August 2013.

"In 2013, development in the field of agriculture faced several strategic challenges such as, agricultural land conversion, limited land availability for expansion, and inadequate infrastructure, especially irrigation networks and means of transportation," he noted. 

Regarding macro-growth in the national agriculture sector during 2013, the minister stated that the Gross Domestic Product growth in the third quarter was recorded at 3.27 percent or lesser than the target set at 3.90 percent.

 
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