DA commits to provide P250M loan to Bukidnon’s vegetable farmers
The Department of Agriculture (DA) has committed to provide loan worth P250 million to the vegetable farmers of Bukidnon.
To recall, the DA identified four towns in Northern Bukidnon, bordering Lanao del Sur, as high-value vegetable production area. These areas are Talakag, Impasugong, Sumilao and Lantapan.
During the recent devastation of vegetable farms in the Northern Luzon by Typhoon Ompong, vegetable farmers from Talakag shipped vegetables to Metro Manila at very low prices which helped stabilize the prices snd supply.
“The DA has already committed a production loan fund of P250 million for the IMTASULA vegetable farmers, farm to market roads, training, high value processing facilities and Solar Powered Irrigation Systems,” Agriculture Secretary Emmanuel Piñol said.
“Tractors and work animals have already been delivered to the region,” he added.
Piñol said the farmers across the aforementioned towns already started crafting the Road Map for Vegetable Development, which will be funded by the loan.
The region, according to him, aims not only to produce enough vegetables for the country’s needs but also for export.
Their first foreign market target is Singapore and their products are expected to be displayed in the Philippine Agri Show in Singapore March next year.