P20M assistance for cassava farmers

Cassava farmers in Cebu’s northern towns are going to get financial assistance from the Cebu People’s Multi-Purpose Cooperative (CPMPC) which is allocating P20 million to boost their production.

The said endeavor is in partnership with the Coop-National Confederation of Cooperatives (NATCCO) Party-list and the San Miguel Corporation where the latter is going to buy the farmers’ cassava products.

“We will help in raising that amount for our cassava farmers to boost their production,” said Coop-NATCCO Rep. Cresente C. Paez. “I recently met with our cassava farmers in Bantayan Island during the Harvest Festival and I witnessed a tremendous excitement on their part,”

Paez added that said financial assistance will benefit 1,000 farmers not only on this island but also those in Tuburan, Daan Bantayan, Bogo and Medellin as the expansion of cassava production in those towns is now being facilitated by the CPMPC.

Based on studies, each farmer will earn up to P30,000 to P40,000 per cropping season for every hectare.

Moreover, to facilitate the release of the P20 million financial assistance,Coop-NATCCO will tap the Land Bank of the Philippines (LBP) through the Cebu Credit Surety Fund.