The government-run Land Bank of the Philippines has recently launched a new credit program, which seeks to support modern and sustainable farming in the country.
Dubbed as the “Financing Program for Greenhouse Farming System,” Landbank’s new program will provide financial assistance to farmers, cooperatives and agri-entrepreneurs who intend to shift to modern farming by adopting greenhouse farming technology.
“We hope to enhance the viability, sustainability and competitiveness of high value crop production of our farmers by adopting greenhouse farming technology. We intend to help lift the farmers from their current situation of subsistence farming to growing crops in a scientifically and financially efficient way,” Landbank president and chief executive officer Cecilia Borromeo said in a statement.