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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. ....

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