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LANDBANK AgriSenso highlights innovation as key to boost livestock industry

LANDBANK gathered key agriculture players who underscored the importance of adopting science-based approaches and latest technologies to address the challenges facing livestock raisers and achieve self-sufficiency in meat and dairy production.

The second run of the LANDBANK AgriSenso Virtual Forum on 30 August 2022 put the spotlight on the livestock industry and featured National Federation of Hog Farmers, Inc. (NFHFI) Chairman Chester Warren Y. Tan; RDF Feed, Livestock & Foods, Inc. (RDF) Founder and CEO Dr. Robert H. Lo; Bureau of Animal Industry – Livestock Research and Development Division (BAI-LRDD) Research and Management Section Head Maria Laarni P. Cerna; and LANDBANK Program Management Department I Assistant Vice President Edgardo S. Luzano.

LANDBANK Assistant Vice President Luzano discussed available credit programs for hog raisers, as well as stakeholders engaged in dairy production, processing, marketing, and other dairy-based economic activities.

Designed in support of National Government efforts to re-populate and increase local hog production, LANDBANK is offering the SWINE (Special Window and Interim Support to Nurture Hog Enterprises) Lending Program to commercial hog raisers registered as cooperatives or farmers’ associations, small and medium enterprises (SMEs), and large enterprises or corporations.

As of 31 July 2022, LANDBANK has approved loans totaling P3.2 billion to 25 borrowers under the SWINE Lending Program, with outstanding loans amounting to P1.8 billion.

To boost the local dairy industry, LANDBANK also provides credit assistance under the MILK (Masustansiyang Inumin para sa Likas na Kalusugan) Program for qualified cooperatives or associations, federations, countryside financial institutions (CFIs), SMEs, and agri-business entities. A total of P183 million in loans have been approved to seven borrowers under the LANDBANK MILK Program as of end-July 2022, with outstanding loans of P89.4 million.

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