LandBank lends P5.8B for agri climate resiliency

IN support of building a climate-resilient agribusiness value chain in the country, the Land Bank of the Philippines (LandBank) has approved loans totaling P5.8 billion to 15 borrowers as of June 30, 2022.

Through the LandBank Climate Resilient Agriculture Financing Program, the bank aims to finance farming technologies, systems, facilities and equipment that will help local farms and fisheries become more adaptive and resilient to the effects of climate change, such as severe storms and prolonged drought.