The Department of Agriculture (DA), through its Agricultural Credit Policy Council (ACPC), and the Land Bank of the Philippines have signed a memorandum of agreement for a national program that allows P1.5 billion worth of loans for the country’s rice farmers.
In a statement on Thursday, the DA said the two parties have formally inked the deal for the Expanded Survival and Recovery Assistance Program for Rice Farmers (SURE Aid Program), which aims to assist the rice farmers whose incomes were affected by the drop in the farmgate price of palay (unmilled rice).
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