The Department of Agriculture (DA) has received an offer from an Italian government-funded company to finance the building of agricultural facilities worth $1 billion to boost the National food Authority’s (NFA) palay procurement.

Agriculture Secretary Emmanuel Piñol said the B2Firms Dmcc, a Dubai-based company, offered the DA a 10-year loan for the construction of post-harvest facilities, particularly grain silos, to keep bulky grain materials.

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