DA to address issues in fish farming
After Agriculture Secretary Emmanuel Piñol identified the problems that have stunted the growth of fish farming in the country, he said his agency will soon address these issues to ultimately improve the country’s mariculture.
Piñol earlier said that fish farming in the Philippines are not growing because feeds that are being sold in the market are expensive, while financing remains unavailable for entrepreneurs.
“To address all of these concerns, I will convene the Agricultural Credit Policy Council (ACPC), an agency under the Department of Agriculture that is tasked with designing credit programs, to look into the possibility of opening a loaning window for aquaculture under the Production Loan Easy Access (PLEA) program which offers a year-long loan at 6 percent interest per year,” Piñol said.
Piñol said the Bureau of Fisheries and Aquatic Resources (BFAR) and Southeast Asian Fisheries Development Center (SEAFDEC) will also be tasked with improving their field hatchery facilities and adding more hatcheries to supply the needs of the industry.
“Lastly, I will meet with the private companies involved in the production of aqua feeds and encourage them to price their products reasonably so that the growth of the industry will be faster,” Piñol said.
All of these issues, according to him, will be addressed after the Holy Week.