This covers production and processing of agricultural and fishery products, including their by-products and wastes, biofuels, feeds and organic fertilizers.

This also covers biotechnological products and services.

Commercial production

This covers the production of agricultural, fishery and livestock products for commercial purposes.

Commercial processing

This covers the conversion of agricultural, fishery and livestock products, their byproducts and wastes, to a form ready for further processing or final consumption.

The following are the qualifications for registration:

The production of refined sugar, cooking oil and rice should comply with the applicable provisions of the Philippine Food Fortification Act of 2000; production of iodized salt should comply with the applicable provision of the ASIN law.

Processing of agricultural products should involve domestically produced raw or semi-processed agricultural products. Those involving imported agricultural products, raw or semi-processed, may qualify for registration, provided that the finished/final product is for export, or the project qualifies for pioneer status.

Biofuels

This covers the production and/or processing of biofuel crops. Production of crops for use as feedstock supply and processing of biofuel crops must be consistent with the Philippine Biofuels Program under R.A. 9367.

Feed Milling

This covers processing of agricultural, fishery and livestock products and wastes into feeds, excluding those for game animals, fowls and other species for pet/pleasure purposes.

Production of Organic Fertilizer

This covers the production of agricultural, fishery and livestock products and wastes into feeds, excluding those for game animals, fowls and other species for fertilizer purposes.

Biotechnological Products and Services

This covers the extraction of higher value substances from traditional crops through bio-processing. This also covers the development of modern bio-tech products for commercial purposes.

Projects that cost at least the Philippine Peso equivalent of US$20 million may be granted pioneer status but with non-pioneer incentives.

Back to the Board Of Investments BoI, Check out 2010 Investment Priorities Plan to see which businesses can avail of tax incentives