DAVAO CITY – With the support of funding partner Development Bank of the Philippines (DBP), Mindanao Development Authority (MinDA) said it is bringing its Corn Grains Storage Silos (COGSS) initiative to all the island’s provinces and towns.
In a Facebook post on Wednesday, Secretary Emmanuel Piñol said he will present to the Philippine Corn Congress Thursday the Mindanao Corn Industry Development Program and spell out the need for the region’s local government units to invest in storage facilities to boost corn production, protect farmers from price manipulation, and generate revenues for the local government units (LGU).
He said the MinDA Corn Program aims to turn Mindanao corn farming from a seasonal commodity to a well-organized industry.
Piñol said the agency would assist the LGUs in establishing the COGSS facility under an Economic Enterprise Program.
“At peak harvest time when traders traditionally manipulate corn buying prices because of the lack of post-harvest facilities, farmers could deposit their produce in the COGSS while waiting for a better price. Using the deposited corn as a guarantee, the farmers could avail of a cash advance which will be deducted when he finally sells his produce at a better price,” he said.
The MinDA said the municipality of Baungon in Bukidnon would be the first Mindanao LGU to implement the said program to protect corn farmers from price manipulators.
He said Misamis Oriental earlier manifested interest in implementing the same program.
Four other provinces–Lanao del Sur, Davao del Norte, Bukidnon, and North Cotabato–have been identified for the same program proposed to be funded by the European Union Grant under the Mindanao Rise Program, Piñol said. (PNA)