This article focused on the benefits, drawbacks, and present state of IoT in farming in the Philippines. Aligning agriculture with readily available technologies to improve production has been identified to have a significant impact in the inclusive growth and rural development of a nation. This literature review clearly suggests that a comprehensive framework of IoT in agribusiness is imperative and worth exploring in order to completely amass its numerous advantages. Relatively, the Philippines could be considered to be on the right track, having been able to craft a three-phase plan involving a variety of factors including technologies to stimulate regional economic development and build new regional agriculture centers.