What act prescribes measures to modernize the agriculture and fisheries sectors for better profitability?

The correct answer is Republic Act No. 8435, also known as the Agriculture and Fisheries Modernization Act (AFMA). This legislation aims to promote the modernization of the agriculture and fisheries sectors in the Philippines, providing a framework for enhancing productivity, sustainability, and profitability. It encompasses various measures, including investments in research and development, infrastructure development, access to modern technology, and providing support services for farmers and fisherfolk.

By focusing on modernization, the act is designed to improve the overall efficiency and competitiveness of these sectors, thereby contributing to the food security and economic growth of the nation. This involves not just financial help but also creating a conducive environment for innovation and the adoption of best practices, ultimately aiming for sustainable agricultural development.

The other acts mentioned do not specifically target the modernization of the agriculture and fisheries sectors with the same comprehensive focus as Republic Act No. 8435. Each of those acts may address different aspects or issues within agriculture and fisheries but does not carry the same explicit mandate for modernization and profitability enhancement as the Agriculture and Fisheries Modernization Act.