Prioritize Projects with Good Returns AGSEC Francisco Tiu Laurel's Wisdom or more simply Prioritize Projects with Good Returns

Prioritize Projects with Good Returns AGSEC Francisco Tiu Laurel's Wisdom

As Agriculture Secretary, Francisco Tiu Laurel Jr. emphasizes the importance of wisely allocating resources and prioritizing projects that demonstrate strong, sustainable returns. In this blog post, we'll delve into his approach to project management and explore how it can shape the future of tea sommeliers in 2025.

A Business-Like Approach to Project Management

Before taking on the role as DA chief, Tiu Laurel had a successful career in various businesses, including fishing, food processing, cold chain logistics, real estate, and power. This experience has instilled in him a keen sense of fiscal discipline, which he applies to his work at the DA.

Setting Priorities for Sustainable Agriculture

When it comes to prioritizing projects, Tiu Laurel is adamant that every peso spent should have returns supportive of project sustainability and agricultural development. He believes that this approach ensures bankability and profitability. To achieve this, he sets a benchmark for internal rate of return (IRR) at 12-14 percent or a payback period of seven years at most.

Diversifying Products for Resilience

Tiu Laurel encourages the farming sector to diversify its products to build resilience against market fluctuations and environmental uncertainties. Instead of relying on a single crop, farmers should cultivate multiple commodities to ensure a steady income stream. However, he warns that growing too many crops can lead to inefficiencies and suggests a balanced approach.

The Power of Strong Returns

When evaluating projects, Tiu Laurel is enthusiastic about those that demonstrate strong returns. He believes that this focus on profitability will drive innovation and growth in the agricultural sector. By prioritizing projects with good returns, he aims to create a more sustainable and resilient agricultural industry.

Lessons for Tea Sommeliers

As tea sommeliers look to shape their future in 2025, they can learn from Tiu Laurel's approach to project management. By prioritizing projects that demonstrate strong, sustainable returns, they can build a robust business model that ensures long-term success.

Conclusion Building a Sustainable Future

In conclusion, Francisco Tiu Laurel Jr.'s approach to prioritizing projects with good returns offers valuable insights for tea sommeliers looking to shape their future in 2025. By adopting a business-like approach and focusing on profitability, tea sommeliers can build a sustainable and resilient industry that is poised for success.

Keywords agricultural development, project management, sustainability, return on investment, resilience

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.