This development comes as the agency boosts procurement and rolls out a nationwide subsidized rice program
The Land Bank of the Philippines is extending a US$21.3 million loan to fund the mill’s construction, along with a US$1.77 million credit line for working capital support.
The facility is equipped with two corn silos holding a combined 12,000 metric tons of corn and space for 480,000 sacks of feed.
The DA anticipates improved local production in 2025, supported by favorable climatic conditions and higher stock carryover.
The facility was made possible through a US$1.8 million loan from the World Bank, with an additional US$3.3 million in funding provided by the Philippine Rural Development Project and the Sorosoro Ibaba Development Cooperative (SIDC).