Monday, July 14, 2025

LANDBANK accelerates agri financing rollout in Mindanao

MALAYBALAY CITY, BUKIDNON — LANDBANK empowered over 1,200 farmers from across Bukidnon with the launch of the AGRISENSO Plus Lending Program in Mindanao on June 20, 2025, at Kaamulan Grounds—the initiative’s first major rollout in the region.

The event gathered small farmers, fishers, and agrarian reform beneficiaries (ARBs) from across the province, reinforcing the Bank’s commitment to expanding financial access for agri-based communities as part of its nationwide thrust to strengthen food security and drive rural development.

Finance Secretary and LANDBANK Chairman Ralph G. Recto commended the initiative, aligning with President Ferdinand R. Marcos Jr.’s goals to boost agriculture and accelerate rural development.

Ang programang ito ng LANDBANK at ni Pangulong Bongbong Marcos, Jr. ay isang konkreto at inklusibong sagot sa matagal niyo nang panawagan na tulong pinansyal. Ito ay programang may malasakit—at may malinaw na pangarap na gawing abot-kamay ang pag-asenso ng bawat magsasaka at mangingisda,” Secretary Recto said.

This marks the fifth nationwide rollout following successful launches in Pampanga, Cagayan, Isabela, and Batanes, collectively engaging over 3,800 farmers from Northern and Central Luzon.

LANDBANK President and CEO Lynette V. Ortiz led the launch alongside Bukidnon Governor Rogelio Neil P. Roque and Department of Agriculture Undersecretary Roger V. Navarro.

“Bukidnon plays a vital role in ensuring food security for Mindanao and the rest of the country. With its rich soil and favorable climate, the Province continues to lead in the production of rice, corn, sugarcane, pineapple, coffee, and many other high-value crops. Our efforts through AGRISENSO Plus are also in step with the Provincial Government’s agenda of building a stronger economy and increasing agricultural productivity,” said Ortiz.

The AGRISENSO Plus Lending Program is LANDBANK’s comprehensive value chain-based financing initiative, developed in partnership with the Department of Agriculture, Department of Agrarian Reform, Agricultural Credit Policy Council, and various private sector stakeholders.

The program offers a fixed 4.0% interest rate per annum for small farmers, fishers, and ARBs, with competitive rates for their associations, micro, small, and medium enterprises, large enterprises, anchor firms, and agriculture graduates. Eligible borrowers benefit from simplified documentation requirements, free life and credit life insurance, and expanded access to financing across a wide range of agricultural activities.

AGRISENSO Plus connects borrowers to market opportunities through partnerships with anchor firms including Kita Agritech Corporation, Sarisuki Stores Inc., TAO Foods Company Inc., Yovel East Research and Development Inc., and Unified Tillers Agriculture Cooperative.

The program is reinforced by LANDBANK ASCEND (Agri-Fishery Support through Capability Enhancement for Nationwide Development), providing farmers and fishers with training on digital financial literacy, sustainable agriculture, and enterprise development.

As of May 2025, LANDBANK extended ₱1.16 billion through AGRISENSO Plus, directly benefiting 6,853 borrowers and advancing growth across the agriculture sector.

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