STATE-RUN Land Bank of the Philippines (LandBank) said on Friday its loans to the agriculture sector reached P236.31 billion in 2019, exceeding its yearend target of P231.25 billion.

In a statement, LandBank said that of the amount, P44.82 billion were outstanding loans to small farmers, fishermen, cooperatives and farmers’ associations, and P191.49 billion were loans to other players in the agri-business value chain.

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