SAN FERNANDO CITY, La Union, May 2 (PIA) - - Maximizing the use of the online platform of information and dissemination of government projects this time of the pandemic, the Department of Agriculture - Regional Field Office 1 (DA-RFO1) conducted a virtual hog farming forum on April 26 to boost the knowledge of the residents on swine production and support assistance program.
DA - RFO1 Regional Director Nestor D. Domenden said the virtual forum is an initiative of their agency to inform the residents on the new swine farming technologies, and government funding support amid the existing threat of the African Swine Fever (ASF) virus.
"Considering swine as the largest among the livestock industries in the country, our agency is in pursuit of reviving the industry through the provision of necessary interventions to stakeholder and individual who wants to engage in this venture," he said.
Topics discussed were the importance of biosecurity to prevent the entry and spread of the virus into the pig farm, the SWINE (Special Window and Interim Support to Nurture Hog Enterprise) lending program, and the National Livestock Program (NLP) to revive the local swine industry and insurance policies for swine sector
One of the resource speakers discussed the details on the implementation of the BABay ASF or the Bantay ASF sa Barangay program in the local government units (LGUs) to prevent the entry and spread of the ASF virus.
The SWINE is a credit program of the DA in partnership with the Land Bank of the Philippines (LBP) as the lending conduit.
Under the program, the LBP provided a total amount of P15-B that can be borrowed by commercial hog raisers, farmers' associations, and farmers' cooperatives. Small and medium enterprises (SMEs), and agribusiness enterprises and corporations are also allowed to borrow from this program.
Qualified borrowers can avail of the program under two facilities which are the short-term loan line (STLL) and term-loan (TL). Under STLL, the borrower would be given a credit line with a maximum of six months to pay while TL could exceed up to five years. (JCR/FGL, PIA 1)