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Historically, farmers had very few options on their grips to promote their agri-farming. Informal lenders and MFIs are still the major sources of borrowing for marginal farmers though banks are also scaling up agri-financing programs across the country. ....
THE Land Bank of the Philippines (LandBank), Philippine Space Agency (PhilSA), and the Department of Science and Technology-Advanced Science and Technology Institute (DoST-ASTI) entered into a partnership for the integration of space data to financing strategies for the agriculture sector.PhilSA Director General Joel Joseph Marciano, Jr., LandBank Senior Vice President Elcid Pangilinan, and DoST-ASTI representative Alvin Retamar signed a memorandum of agreement on Aug. 8, 2023 in Quezon City.In a statement on Thursday, LandBank said that this collaboration will include the development and utilization of space-related technologies for financial applications and conduct of joint research and exchange of relevant data for research undertaking. Our collaboration with PhilSA and DoST-ASTI is a welcome opportunity to further strengthen LandBank s agribusiness value chain financing strategies through cutting-edge data, said LandBank President and CEO Lynette Ortiz.Ortiz added that they will ....