President and CEO Cecilia Cayosa Borromeo said that the AgriSenso Virtual Forum is a good opportunity to offer LANDBANK’s financing programs and other support interventions.
"LANDBANK fully supports the national government in realizing the development blueprint of this administration in modernizing the agriculture sector and achieving food sufficiency for the Philippines," she said.
The seven sessions of the LANDBANK AgriSenso Virtual Forum, which ran from August 2022 to January 2023, gathered over 1,600 agricultural industry players and stakeholders nationwide to discuss key issues and concerns towards improving productivity and income.
Each session was attended by industry experts from the Department of Agriculture (DA), Department of Agrarian Reform (DAR), and other concerned agencies who shared successful initiatives, industry challenges, and development plans of the national government for each agriculture sub-sector.
Moderated by LANDBANK Vice President for Corporate Affairs Vivian M. Cañonero, the last AgriSenso Virtual Forum put the spotlight on agri-mechanization, climate resilient agriculture, and greenhouse farming as the latest developments in the agriculture sector.
The forum highlighted the importance of adopting modern farming technologies to reduce production costs and post-harvest losses and enable agri players to increase farm productivity and income.
The forum featured Bureau of Agricultural and Fisheries Engineering (BAFE) Engr. IV Maria Evic Quigao, Philippine Center for Postharvest Development and Mechanization (PhilMech) Senior Science Research Specialist Engr. Allen Denver V. Mangaoil, LANDBANK Program Management Department I, Assistant Vice President Engr. Edgardo S. Luzano, and LANDBANK client Engr. Romeo S. Vasquez.
In support of the country’s agricultural mechanization and transformation, LANDBANK offers the Agri-Mechanization Financing Program, with total cumulative loan releases of P687.7 million, as of November 30, 2022, for the benefit of over 890 farmers.
LANDBANK also provides credit assistance under the Climate Resilient Agriculture Financing Program, to promote climate change mitigation and adaptation initiatives towards climate resilient agriculture. The Bank’s total loan releases under this program reached P1.9 billion, as of end-November 2022.
Meanwhile, to help farmers shift towards a modern farming system through the adoption of greenhouse technology, LANDBANK is offering the Financing Program for Greenhouse Farming System. As of November 2022, the Bank has released a total of P8.6 million under the program.
The LANDBANK AgriSenso Virtual Forum forms part of the Bank’s overall support to the agriculture sector, facilitated by the LANDBANK Corporate Affairs Group (CAG) together with the National Development Lending Sector (NDLS) – Lending Program Management Group (LPMG). (FRG/PIA6/Story and photo from LANDBANK)