RAPID to hike farmers’ incomes

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    An ongoing project in the Philippines by the International Fund for Agricultural Development targets to help 78,000 farmer households increase income by 60 percent and create 31,000 direct and 155,000 indirect jobs.

    The Rural Agro-enterprise Partnership for Inclusive Development (RAPID) Growth
    2017-2022, a P2.3-billion project that aims to propel agriculture-based processing enterprises and entrepreneurial communities to become innovative, productive, and competitive , also seeks to double the sales of over a thousand micro, small and medium enterprises.

    At the launch of RAPID-KMME ( Kapatid Mentor ME) held virtually on March 1, Trade Secretary Ramon Lopez said the program not only helps sustain growth of agri-based MSMEs, but emphasizes also the backward linkages of the farmers to make sure their output can be processed, marketed, sold and even exported.

    “Helping in building income for rural farming communities will (lead to) the creation of more agri-business moving forward,” Lopez said.

    He added with KMME’s involvement in RAPID, the partnership will be able to inject serious training, mentoring, improvements in the business plans that would eventually increase income for both MSMEs and farmers and generating more employment for the country.