Welcome to DAR Region 12



P48.3-M credit line to 28 farmer- groups in SulKud bankrolled by DAR – LBP

piaISULAN, Sultan Kudarat, Oct2 (PIA) – The Department of Agrarian Reform (DAR) to date through Land Bank of the Philippines (LBP) has approved P48,342,200 credit line to 28 agrarian reform beneficiary organizations (ARBOs) in the province of Sultan Kudarat, an official said.

Rodolfo Alburo, provincial agrarian reform program officer II (PARPO), said the approved credit lines are granted under the Agrarian Production Credit Program (APCP) to finance rice and corn production needs of the farmers in the province.

He said, the credit program is a project of DAR in partnership with the LBP  to achieve sustainable crop production and to increase household income of ARBs by providing them capital for farm inputs.

“The credit line for each ARBO vary according to the number of agrarian reform beneficiary (ARB) members and the number of hectares applied for each organization,” Alburo explained.

Among the 28 ARBOs, 19 were already released with a total amount of P25,691,766.66. The remaining nine (9) farmer organizations are awaiting the already scheduled release in the coming months.

“There were five ARBOS who received financing under APCP last year amounting to P11,168,485.00. There was one cooperative in Columbio, another cooperative in President Quirino, one irrigators’ association in Lutayan, one farmers’ association in Bagumbayan and another one in Isulan. They are now for second release this year,” Alburo added.

DAR Sultan Kudarat started the APCP program during the first quarter of 2014, but only few ARBOs have availed of the program.

Iglecerio D. Catiil, LBP Account Officer for APCP in Sulltan Kudarat said that APCP implements only 8.5% per annum interest rate, with an interest rebate of 2 percent if payment is made on time. The ARBO is given 150-180 days to pay the said loan to LBP.

“We allow ARBOs to pass on an all-in interest rate of 15 percent per annum, including service charge,” Catiil said.

He opined that if farmers borrow money from traders, they would usually get at least 10% per month interest rate. “So imagine how APCP could actually help them if they take the program seriously and pay their amortization diligently,” Catiil stressed.

He added that APCP has a built-in insurance plan for the members and their immediate family in case of accident and death and for their crops in case of damage due to typhoons or other forms of calamities.

Rodel  Palmares, a member of KM 14 HVC Farmers Association, Inc. in Bagumbayan town shared that he has been borrowing money from traders for almost 10 years now to finance his farming needs.

He said that one time his borrowed money reached over a hundred thousand pesos and had difficulty paying it off.

“Napilitan po akong ibenta ang isang lupa ko sa trader bilang kabayaran sa kabuuang utang ko sa kanya. (I was forced to sell a parcel of my land to a trader as payment for all my debts.),” Palmares recounted.

He added that with a 10% interest rate per month from traders he can still gain income, much more can be gained if his financing for farm inputs will come from APCP program. (ACAgad-PIA12 with reports from JJBDael-DAR-SK)

Source: http://news.pia.gov.ph/article/view/1621443752051/p48-3-m-credit-line-to-28-farmer--groups-in-sulkud-bankrolled-by-dar-lbp

Region XII News

TheStandard
September 15, 2016 23

37 farmers attend DAR school

KORONADAL CITY—The Department of Agrarian Reform announced that 37 farmers of Barangay Luhib Highland Agricultural Credit Cooperative (HACC) completed the 16-week Farm Business School (FBS) program to improve their farm production, profit and quality of life… Read More..
pia
Sep 15, 2016 14

North Cotabato farmers get draft animals from DAR

KIDAPAWAN CITY, North Cotabato, Sept. 14 (PIA) – Some 37 farmers in Makilala, North Cotabato received draft animals with a combined cost of Php745,000 from the Department of Agrarian Reform in an effort to increase the beneficiaries’ production and income. Read More..
news reg 1 pix 1 sept. 13 2016
Sep 13, 2016 61

2nd Batch of Farm-Entrepreneurs Graduate in South Cotabato

Koronadal City – The Department of Agrarian Reform (DAR) recently commends the 37 farmers of Brgy. Luhib Highland Agricultural Credit Cooperative (HACC) who graduated in the 16-week Farm Business School (FBS) program to improve their farm production, profit… Read More..
pia
Sep 08, 2016 19

37 farmers complete farm business school

KORONADAL CITY, South Cotabato, Sept. 7 (PIA) -- Some 37 farmers from Lake Sebu recently completed a course on agricultural entrepreneurship spearheaded by the provincial office of the Department of Agrarian Reform here. Said farmers are members of the… Read More..