Phillipines to expand onion & garlic production with $4m investment
Agriculture Secretary Emmanuel F. Piñol said the DA has committed to extend P200 million worth of support to the onion and garlic farmers of the towns of Miagao, Tigbauan and Igbaras in Iloilo province.
“The forum for onion and garlic farmers in Iloilo was the second, such gathering aimed at encouraging-farmers to plant more of the commodities needed by the market,” Piñol added. Piñol said half of the proposed P200 million, which will be coursed through a local bank, will be spent for the expansion of plantations.
The DA also committed P50 million for the construction of a cold- storage facility in Miag-ao, while the remaining P50 million will be a “revolving” capital for the farmers operating the facility, according to Piñol.
An additional P50 million in revolving capital will also be extended to a farmers’ group which will operate the cold storage so they could buy their members’ produce during peak harvest season and sell these during off season.
1 P = 0.019 USD
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