REPUBLIC ACT NO. 8435 AGRICULTURE AND FISHERIES MODERNIZATION ACT OF 1997[An Act Prescribing Urgent Related Measures to Modernize the Agriculture and Fisheries Sectors of the Country in Order to Enhance Their Profitability, and Prepare Said Sectors for the Challenges of the Globalization Through an Adequate, Focused and Rational Delivery of Necessary Support Services, Appropriating Funds Therefor and For Other Purposes]SECTION 1. Short Title. - This act shall be known as the "Agriculture and Fisheries Modernization Act of 1997." SEC. 2. Declaration of Policy. - The goals of the national economy are more equitable distribution of opportunities, income and wealth; a sustained increase in the amount of goods and services produced by the nation for the benefit of the people; and an expanding productivity as the key to raising the quality of life for all, especially the underprivileged. The State shall promote industrialization and full employment based on sound agricultural devel...