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P59-M production loan to farmers in Caraga region


By Mike Crismundo

BUTUAN CITY – Agrarian Reform Beneficiaries Organizations (ARBOs) in Caraga region received a production loan amounting to P59 million, Joie L Ceballos, regional spokesperson of the Department of Agrarian Reform (DAR) told The Manila Bulletin on Thursday.



The DAR 13 spokesperson said this new loan will benefit 23 ARBOs located in various parts of the region.

The production loan, released under the Agrarian Production Credit Program (APCP), will benefit more than 1,400 farmers in the five provinces of Northeastern Mindanao or Caraga region, he said.

Ceballos said this loan was awarded to the ARBOs during the 30th Anniversary Celebration of the Comprehensive Agrarian Reform Program (CARP) on Monday (June 25) here.

Top officials of the Land Bank of the Philippines (LBP), Department of Agriculture (DA) and DAR 13 led by Regional Director Alejandro Otacan were present in the distribution ceremony.

Official urged the officers and members of the different ARBOs to honor CARP by respecting, protecting and making land productive.

They (officials) said their lands will ensure food security in their respective homes and communities.

“This will ensure food for your home, your family, your community and fellow Filipinos,” Ceballos said, quoting the statement of Director Otacan.

DAR officials thanked all the partner agencies for their support in the implementation of CARP for the past 30 years.

Meanwhile, regional officials of DAR 13 and the Philippine Crop Insurance Corporation (PCIC) distributed over P6.6 million indemnity checks to 469 farmers to cover the damages to their crops.

Under the APCP, crops are covered with insurance which premium is paid by the government. The insurance will cover damages brought by pests and natural calamities.

APCP is implemented in partnership with the LBP and the DA, Ceballos added.

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