Published March 5, 2021, 8:00 AM
State-run Land Bank of the Philippines (Landbank) has financed the expansion of Virginia Farms Inc. (VFI), a move that now helps the Cebu-based company sustain its production of hogs that are safe and free from African Swine Fever (ASF).
A statement released on Thursday showed that VFI has availed a short-term loan from Landbank in 2020 as working capital for the expansion of The Pork Shop, the company’s retail business.
Though Landbank didn’t specify the amount of VFI’s newest loan, it said that in 2020 alone, it extended a P37.48 billion loan to different livestock projects across the country. Of this, P16.86 billion were lent to the piggery industry.
Published January 20, 2021, 5:00 PM
A cooperative in Pinamungajan town, southern Cebu has partnered with a leading pork producer company to help its livelihood program become more sustainable.
Composed of more than 100,000 members with 29 satellite offices in Cebu, the Lamac Multi-Purpose Cooperative (LMPC) inked a partnership with Virginia Farms Inc., which will offer a buy-back scheme that will benefit the members of the cooperative who are into hog farming.
Through the partnership, Virginia Farms will supply LMPC members with feeds through their Virginia Feeds brand and will also buy the farmers’ hogs upon harvest at a guaranteed price.
The LMPC has received P20 million from the livelihood assistance program of the Department of Agriculture. The LMPC can lend the funds to their members who are already into agriculture-related livelihood or to those who plan to start one.
Published December 15, 2020, 5:00 PM
With its vast fertile land, the municipality of Asturias in western Cebu is aiming to remain a top corn producer in the province as it targets to cater to the high demand of yellow corn, which is a main ingredient in producing animal feeds.
In the recently concluded “Corn Derby” hosted by Virginia Farms, Inc. and Asturias Farms, Inc., Asturias Mayor Jose Antonio T. Pintor said the municipality has been known to be the top producer of yellow corn in Cebu but its production was still not enough to meet the demand of yellow corn in the province.
SunStar Asturias eyes increase in yellow corn production
DEMAND. Asturias is known as a major producer of yellow corn in Cebu, but its production is not enough to meet the demand in the province.
/ SUNSTAR FILE
+ December 11, 2020 THE municipality of Asturias wants to address the high demand for yellow corn, which is a main ingredient in animal feeds.
“Our soil is good for yellow corn and with that, we would like our farmers here to cultivate more of that crop, especially that Cebu Gov. Gwendolyn Garcia has encouraged the production of yellow corn,” said Asturias Mayor Jose Antonio Pintor, in a recently concluded Cord Derby hosted by Virginia Farms Inc. and Asturias Farms.