Following an onion crisis that saw both consumers and producers struggle, the Department of Agriculture launched a special loan program for farmers, the agency said. | JMangaluzINQ
“The special ANYO loan program, which seeks to boost onion production in the country, benefits individual onion farmers tilling at most [two] hectares of land and registered farmers’ cooperatives associations as they can avail of zero-interest loans payable up to five years with a maximum amount of P300,000 and P15 million, respectively,” said the agency.
According to the DA, 2022 harvests fell short of 260,000 metric tons to meet the Philippines’s demand. However, it can be recalled that the Ombudsman summoned DA officials over suspected collusion with the private sector over the purchase of P140 million worth of onions from a Nueva Ecija cooperative, as well as its decision to import onions when the local harvest season was about to begin.
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