Joint ventures, support for local farm machinery firms encouraged

Local manufacturers of farm machineries should form joint ventures to upgrade their capabilities, while government should provide financial/credit assistance to small and medium-scale firms in the industry, according to a policy study conducted by the Department of Agriculture-Philippine Center for Postharvest Development and Mechanization (DA-PhilMech).

The groundbreaking study “The Role of the Machinery Manufacturers and Distributors in the Grains Postharvest Mechanization” analyzed the state of the local farm machinery assembly/manufacturing industry and recommended policies that would improve the capabilities and output of the industry.