The Mindanao Corn Grains Silo System Program of the Mindanao Development Authority (MinDA) which aims to establish local government-owned storage facilities comes in perfect timing.
The Asia Times Financial reported recently that China may import up to 30-million metric tons of corn for 2021 as demand for the feed grains increases.
This will have a tremendous impact on Mindanao’s corn industry which produces 51% of the national output of only 8-million metric tons.
With China expected to gobble up available corn production in the world, local feed mills will have to rely on local production.
This would result in efforts by local farmers to produce more but this would be thwarted by lack of post-harvest and storage facilities.
MinDA’s Corn Grains Silo Storage System will be started in at least five pilot areas in Mindanao with the town of Baungon, Bukidnon leading the way.
The Development Bank of the Philippines has agreed to fund the program with low-interest loans to LGUs.
MinDA aims to introduce the program to all corn-growing towns of Mindanao as part of the program which will boost feed grains production and ensure the competitiveness of the region’s poultry and livestock industry.
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