NFA turns-over P.5M aid to Bukidnon corn farmers coop

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Wednesday, February 12, 2014


IMPASUGONG, BUKIDNON — Samahang Nayon Multi-Purpose Cooperative (SNMPC), a corn farmers organization here, received fund support amounting to P500,000 from the National Food Authority (NFA).

Maria Mercedes G. Yacapin, Director for Corporate Planning and Management Services of NFA central office who graced the event held at Sta. Ana village in Impasugong town, said the amount was shelled out from NFA’s Corn Development Fund (CDF).

She said the CDF provides funding for the SNMPC’s acquisition and installation of a feed mill to augment earnings and enhance livelihood projects of the cooperative as they show vibrant corn production.

“P350,000 of the amount will be used to put up a feed mill, while the remaining P150,000 will be for trainings, seminars and workshops to enhance members’ skills and productivity,” Yacapin said.

In her speech, she reminded the recipients of the CDF assistance to efficiently use the money and be counted as among the new breed of farmers reflecting the values of self-reliance, dependability and care for the community.

In response, SNMPC President Oliver Aldovino said they are committed and obliged to nurture the livelihood projects granted by the government because their success will then be the basis in accessing more grant or credit assistance from any funding institutions that will help enhance the competitiveness of their cooperative’s corn production.

In an interview, Aldovino said the fund support they received from NFA’s CDF is a big help for the corn feed mill that will soon rise on the site next to their existing 12-ton capacity mechanical corn dryer.

Meanwhile, NFA Bukidnon Provincial Manager Victoria Real-Duray said the CDF is available to corn industry stakeholders as a grant and soft loan. She said it provides financial support for projects geared towards the development of corn industry especially for acquisition and installation of modern corn production equipment, post-harvest and marketing facilities.

It also provides funding for adoption of a mechanism that will link various sectors of the corn industry to promote its integrated growth and development, which is in line with the government’s Agri-Pinoy program, Duray said. (PIA)

Published in the Sun.Star Cagayan de Oro newspaper on February 12, 2014.

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