The government is planning to issue bonds to raise funds for the completion of the Department of Agriculture’s farm-to-market roads (FMRs) and its farm and fisheries mechanization program, Agriculture Secretary Emmanuel Piñol said. “Mechanization will cut down postharvest losses especially in rice and corn, and even in the fish catch. The country loses 16 percent of its grains harvest because of the lack of postharvest facilities while 40 percent of the fishermen’s catch is spoiled because of the absence of ice-making plants and cold storage,” he added.

Ocampo, K. R. (2018, March 29). Gov't eyes bond float to fund agri projects: DA needs P140B for farm-to-market roads, farm and fisheries modernization plan. Philippine Daily Inquirer, p. B1.