DA plans to provide P5 B for local abaca industry
It looks like the local abaca industry is about to be revived soon!
The Department of Agriculture aims to spend P5 billion for the next five years as aide for the local abaca industry, said Agriculture Secretary Manny F. Piñol, Inquirer reported.
Piñol said the program would begin with a P100-million package for Southern Leyte, where he aims to develop more abaca plantation areas.
The DA chief said in a statement that the amount would be “downloaded” to the LGU of the town of Sogod.
He also said that he had already secured permission from the President to spearhead the restoration of the abaca industry in the island, noting that Duterte was born in Maasin, Southern Leyte, the report said.
Piñol also mentioned that the DA plans to intercrop abaca with about 90,000 hectares of coconut farms in the Philippines.
“We really have to exploit new opportunities in front of us,” he said, “There is great demand for abaca all over the world and there are only three countries producing it—the Philippines which is the original producer as well as Ecuador and Costa Rica.”
He also explained that the planned five-year abaca project would also comprise of funding for fertilizer, planting materials, modern technology, equipment and stripping machines for more convenient farming, Inquirer said.