DAR’s Credit Program helps AgNor farmers finance rice production

piaBUTUAN CITY, April 28 (PIA) -- The Department of Agrarian Reform in Agusan del Norte through the Agrarian Production Credit Program (DAR-APCP) in partnership with the Department of Agriculture (DA) and Land Bank of the Philippines (LBP) provided with a total of P3.1 million for rice production covering an area of 99 hectares to 61 Agrarian Reform Beneficiaries (ARBs) in Agusan del Norte in 2014. This was disclosed by OIC-Chief of Program Beneficiaries Development Division (PBDD) Raul Hermoso during the discussion of the 2014 accomplishment.

The said recipients composed of two groups are New Generation Organic Farmers Producers Cooperative (NGOFPC) and Taguibo IPM Irrigators Association, Inc. in Los Angeles, Taguibo, Sumilihon and Sto. Nino Agrarian Reform Community (LATASS ARC).

Rita Gerbolingo, farmer-beneficiary who tilled the 2.75 hectares of land said, “mapasalamaton gayod ako kay barato ang interest diin moresulta kini sa dako nga kita sa pagpanguma (I am thankful because aside from low interest, my income in farming has expanded)."

“Thanks to credit assistance of DAR, some of the farmers' needs are now met,” Gerbolingo added.

LBP Lending Department Manager Engr. Jimmy P. Arco said that APCP intended only for ARBs indorsed by DAR whose loan amount availed by each ARB depends on the total hectare of awarded land under land distribution program of DAR.

The Agrarian Production Credit Program (APCP) is the convergence initiative of DAR, Department of Agriculture (DA) and Land Bank of the Philippines to pool resources and expertise to help ARBs in credit, with insurance package in partnership with the Philippines Crop Insurance Corporation (PCIC) leading to boost farmers economic advancement. (Gil E. Miranda, DAR-Agusan del Norte/PIA-Agusan del Norte)

Source: http://news.pia.gov.ph/article/view/1701430187429/dar-s-credit-program-helps-agnor-farmers-finance-rice-production