The Department of Agriculture (DA) is planning to move away from a subsidy system as more easy-access financing becomes available, with the department planning to help farmers and fisherfolk tap low-cost loan facilities. Agriculture Secretary Emmanuel F. Piñol said the organizational requirements for implementing the scheme include provincial loan facilitation teams to assist borrowers. “We don’t want to experience a situation were there are enough funds but it’s hard for the farmers and the fisherfolk to access them because they were not assisted,” he added.

Mogato, A. G. A. (2018, April 26). DA to help farmers, fisherfolk tap low-cost loans. BusinessWorld, p. S1/5.