Business World

PRDP backs Mindanao growers with nearly P400M

- Carmelito Q. Francisco

DAVAO CITY — Funding worth P398.63 million from the Philippine Rural Developmen­t Project ( PRDP) has been allocated for 84 enterprise projects covering 15 commoditie­s in Mindanao.

In a statement released over the weekend, the PRDPMindan­ao office said 77 of these projects, accounting for P363.16 million, have been approved while the rest are still being processed.

The PRDP is mainly financed by the World Bank with counterpar­t funding from the national government and implemente­d through the Department of Agricultur­e as lead agency.

The 15 commoditie­s, which are covered under the PRDP’s Investment for Rural Enterprise and Agricultur­al Productivi­ty (IREAP), are abaca, banana, milk fish, cacao, cassava, coconut, oil palm, coffee, dairy, goat, mango, organic rice, rubber, seaweed and swine.

The I-REAP component of the program addresses the enterprise aspect of the crops being developed.

The south-central Mindanao area, or the South Cotabato- Cotabato- Sultan KudaratSar­angani- General Santos City (Soccsksarg­en) Region, took up the largest share of the enterprise budget at P123.49 million for 11 projects.

This covers the developmen­t of coffee in Tupi, South Cotabato, with the funding granted to the Tupi Coffee Growers Associatio­n, Inc. (TCGAI), specifical­ly production improvemen­t and marketing of dried green coffee beans.

“Through this project, we hope that the value of coffee farming and the lives of coffee farmers in the province will be elevated. Hopefully with PRDP, coffee growers in the entire South Cotabato would benefit and gain appreciati­on on the value of coffee as commodity,” said TCGAI President Marcos Gabat in the PRDP statement.

For the other regions, Caraga is receiving P69.57 million for nine projects; Northern Mindanao with P62.1 million for 33 projects; Davao with P56.30 million for seven projects; Western Mindanao (or Zamboanga Peninsula) with P28.43 million for seven projects; and the Autonomous Region in Muslim Mindanao (ARMM) with P23.26 million for 10 projects. —

Newspapers in English

Newspapers from Philippines