DA eyes more foreign financing to stop harvest losses through mechanization
As the government recognized the country’s agriculture sector’s need for more modern equipment and machineries, the Department of Agriculture (DA) is now eyeing more foreign financing, this time from Japan.
“In my recent visit to Japan, I explored the possibility of getting foreign financing so the DA could provide more farm machineries to farmers and modern storage equipment to fisher folks,” Agriculture Chief Emmanuel Piñol said.
According to him, the prospects are “very encouraging” with the Ministry of Agriculture of Japan and the Japan International Cooperation Agency recently committing to look into the mechanization needs of Philippine Agriculture.
“In the months to come, things may start to shape up. I am hoping for the best,” he further said.
Until now, the Philippines is yet to achieve rice sufficiency because losses suffered during and after harvest still stood around 16 percent of the total annual production.
“This is the reason why the Department of Agriculture and Fisheries is focusing on mechanization and equipment modernization,” Piñol said.