Land Bank lends agri firms, farmers P4.8 B
MANILA, Philippines—The Land Bank of the Philippines announced Tuesday it has lent farmers and agricultural companies a total of P4.8 billion for food production since its Food Supply Chain Program got under way in October 2010.
The bank said it has financed 75 projects involving 75 anchor firms and 288 cooperatives, farmer organizations and nongovernment organizations with whom it has signed production, technical and marketing agreements.
The projects include integrated corn production and hog fattening; oil palm production and processing; fruits and vegetable production and processing; rice and corn production, processing and trading; banana production and processing; fish production and processing; onion production, cold storage and marketing; and sugarcane production and milling.
