Welcome to DAR Region 12



DAR, LandBank roll out credit program for farmers in Sultan Kudarat

business mirrorRice and corn farmers in Sultan Kudarat belonging to 28 agrarian-reform beneficiary organizations (Arbo) now have access to a P48-million credit line courtesy of the Land Bank of the of Philippines (LandBank), the Department of Agrarian Reform (DAR) said in a statement.


DAR Sultan Kudarat Provincial Agrarian Reform Program Officer II Rodolfo Alburo said the approved credit lines are granted under the Agrarian Production Credit Program (APCP) being implemented by the DAR and LandBank.

The credit program aims to achieve sustainable crop production and increase household income of agrarian-reform beneficiaries (ARBs) by providing them capital for farm inputs.

The credit line for each Arbo varies according to the number of ARB members and the number of hectares applied for each organization.

Among the 28 Arbos, 19 of them have already availed themselves of a total amount of P25,691,766.66 and  nine  farmer organizations are awaiting for the  scheduled release.

“Last year five of these Arbos received financing under APCP amounting to P11,168,485. They are now for second release this year,” Alburo added.

DAR Sultan Kudarat started the APCP program in the first quarter of 2014.

Iglecerio Catiil, LandBank account officer for APCP in Sultan Kudarat, said that APCP implements only 8.5-percent per annum interest rate, with an interest rebate of 2 percent if payment is made on time.

The Arbo is given 150 to 180 days to pay the said loan to LandBank.

“We allow Arbos to pass on an all-in interest rate of 15 percent per annum, including service charge,” Catiil said. He said that if farmers borrow money from traders, they would usually get at least 10 percent per month interest rate.

The 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, he added.

Source: http://www.businessmirror.com.ph/dar-landbank-roll-out-credit-program-for-farmers-in-sultan-kudarat/

Region XII News

news reg 1 pix 1 dec. 12 2017
December 12, 2017 439

DAR’S foreign-assisted projects under PRRD’s term continue…

NORTH COTABATO – Corn Farmers in North Cotabato are expected to increase their income with the establishment of the Php4.7 million corn post-harvest facilities through the Mindanao Sustainable Agrarian and Agriculture Development Project (MinSAAD), a… Read More..
news reg 1 pix 1 dec. 7 2017
Dec 07, 2017 195

DAR boosts ARBs entrepreneurship skills under PRRDs term

GEN. SANTOS CITY – As part of its efforts to uplift the lives of beneficiaries of the agrarian reform program of the government, the Department of Agrarian Reform (DAR), under the administration of President Rodrigo Roa Duterte has conducted series of… Read More..
news reg 2 pix 1 nov. 16 2017
Nov 16, 2017 237

PARC Secretariat leads consultation with agrarian…

GENERAL SANTOS CITY (Nov. 14, 2017)—The Presidential Agrarian Reform Council (PARC) Secretariat is currently conducting a consultation and feedbacking on farmers’ agribusiness venture agreements (AVA) with their respective investors.The three-day consultation… Read More..
news reg 1 pix 1 nov. 16 2017
Nov 16, 2017 244

Farmers attend consultation on agri-business contracts

GENERAL SANTOS CITY (Nov. 16, 2017)—The Presidential Agrarian Reform Council (PARC) Secretariat led a two-day consultation, feedbacking and workshop with agrarian reform beneficiaries’ organizations (ARBOs) involved in agri-business venture agreements (AVA)… Read More..