Posted by: Ces | November 25, 2007

Rubber farmers can avail up to P13M loan

by Ma. Cecilia L. Rodriguez

October 2007 

 

 

Cagayan de Oro city – To the cheers of around 500 delegates attending the 4th National Rubber Congress here, the Department of Agriculture announced that rubber farmers and plantation owners can avail of up to P13 million in loans without collateral to boost  rubber production.

 

Through the DA’s Agricultural Competitive Enhancement Program (ACEP), the loan program aims to provide farmers with sufficient funds to procure or develop facilities, equipment and infrastructure. While the loan has zero interest and collateral, the farmers are required to provide equity such as land, operational costs and farm inputs. The loan is payable in six years, with one grace period.

 

The loan program is part of the government’s campaign to develop the local rubber industry given its dismal performance in the agricultural sector. According to Arturo Sanvictores, president of the United Rubber Planters in region 10, the growing domestic and global demand for natural rubber and increasing price of rubber in the world market should encourage even small farmers to go into rubber farming.

  

“If we can hurdle the challenges, such as identification of potential areas suitable for rubber and construction of farm to market roads, there is a chance that we can regain our position as one of Asia’s big rubber producers,” said Sanvictores.

  

The objective of the national rubber development program is to increase Philippine rubber production from 81,925 hectares in 2005 to 1 million hectares in 2020.

  

Research conducted by the DA identified the areas that are good for rubber planting, as follows: Sultan Kudarat, Isabela, Maguindanao, Benguet, Camarines Sur, Palawan, Negros Occidental, Negros Oriental, Mindoro Occidental and Antique.  

 

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