President Ferdinand Marcos Jr. reiterated on Wednesday, November 29, 2023, his support for a science-based approach to modernizing the agriculture sector and incorporating new technologies to the everyday work of farmers in line with the administration’s thrust on food security.
Data from the Bangko Sentral ng Pilipinas’ 2021 Countryside Bank Survey Baseline Report showed that the share of agricultural loans granted by banks amounted to 11-15% of total loans.