THE past five years of the Philippine tobacco industry paint a bleak future: dwindling tobacco area and declining number of farmers.
The major culprit? Falling domestic cigarette consumption due to higher excise taxes and anti-smoking initiatives both by the government and the private sector.
Despite this, the tobacco industry, which started in the late 16th century, remains among the cornerstones of Philippine agriculture. The crop, also called gold leaf, still brings more than P3 billion worth of value to the agriculture sector annually.