August 16, 2019
Philippine province receives agribusiness grant from Korean agency
The Korea International Cooperation Agency is giving a US$9.5 million grant to boost agribusiness in the Quirino province in the Philippines, the Manila Times reported.
The current grant will cover the second phase of the Integrated Rural Development Project from November 2018 to December 2022.
The first phase was funded by a US$5 million grant also from the South Korean government and included construction of the Quirino Livelihood for Everyone's 4-tonne feed mill.
The second phase includes, amongst other things, the construction of farm-to-market roads, planting of fruit and forest trees for watershed protection, distribution of livestock, and extension of microfinance.
Seonggu Hwang, QIADP project manager, said Phase 2 aims to reduce poverty by increasing farmers' income, promoting agroforestry, developing the livestock industry through the establishment of a cattle breeding centre and developing the value chain capacity.
He added that the outcomes for the five-year project include: a educational farm for the training of farmers and tree nursery, and distribution of vegetable seeds and seedlings to 150 model farmers and beef cattle to 650 agroforestry farmers; a cattle-breeding centre; breeding stocks and management of the cattle-breeding centre; roughage diet production for cattle and distribution of breeding stocks to 650 farmers.
The provincial government of Quirino appropriated funds as counterpart for the project to cover costs for securing land; right of way for farm-to-market and access roads; compensation and resettlement of affected residents; institutional development; and project administration.