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DOST-funded harvesting equipment to cut post-harvest losses of Filipino farmers

A four-in-one "Rice Combine Harvester" has been developed by the Philippine Rice Research Institute (PhilRice), which looks to lessen the post-harvest losses of our Filipino farmers. (Photo courtesy of DOST-PCAARRD) Funded by the Department of Science and Technology- Philippine Council for Agr

Filipino-owned ADAMCO raises P1B via note issuance of Development Bank of the Philippines and Security Bank

Leading agricultural machines and equipment dealer Ada Manufacturing Corp. (ADAMCO) has successfully raised P1 billion via the issuance of notes supported by state-run Development Bank of the Philippines and Security Bank Corp.The proceeds of the fund raising activity via the issuance of five-year corporate notes arranged by GIV Capital Holdings Corp. will be used to finance ADAMCO’s capital expenditure and working capital requirements related to the development of its branch network.

Mindanao coops get P160-M farm machinery from RCEF

BETTER FARMING.The Department of Agriculture has turned over another batch of farm machinery to cooperatives and associations in Mindanao. These equipment were procured under the Rice Competitiveness Enhancement Fund (RCEF) Mechanization Program.(DA PhilMech photo) MANILA-Farmers and stakeholders have been slowly reaping the benefits under the Rice Competitiveness Enhancement Fund (RCEF). Recently, the Department of Agriculture- Philippine Center for Postharvest Development and Mechanization (DA-PhilMech) turned over some PHP159.5 million worth of farm machinery to members of farmers' cooperatives and associations (FCAs) in Agusan del Norte and Zamboanga Sibugay. On Tuesday, a total of PHP81.4 million worth of machinery grants were distributed to 25 qualified FCAs in the province of Agusan Del Norte during the machinery turnover held in Butuan City. The DA said some 2,750 farmer-members will benefit from the distributed machines which were procured under this year's RCEF. Aroun

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