Duterte tells Land Bank to stop acting like a commercial bank: Ibigay ang pera sa magsasaka



With efforts of accelerating the agricultural sector, President Rodrigo Duterte on Monday, called on Land Bank of the Philippines to live up to its name as a ‘bank for the farmers’ by primarily focusing on providing financial means to accessible credit and fundamental agricultural supplies needed.
In the ceremonial distribution of Certificates of Land Ownership Acquisition (CLOA) In Sultan Kudarat, President Duterte quoted,
“Kailangan ‘yung bangko, pupunta doon sa inyo. Or at least, I am urging the Land Bank to look for ways and means na makarating kayo doon sa farmers at anuhin mo man ‘yang pera na ‘yan, marami na ‘yan. It’s almost like a commercial bank na ang Land Bank which is to be land, yuta, bank,”

He also stressed that the bank’s mandate should provide services to the farmers ‘instead of offering commercial banking services’. He also added by saying “It is almost likely na commercial bank na ang Landbank which is to be land, lupa, bank, bangko para sa farmers (bank for the farmers) and yet it has rumbled on just like a commercial bank. ‘Yang pera na yan, bitawan na ninyo (let go of that money), give it to the farmers.”

By way of familiarization, the President said that the government’s support for the farmers usually terminates after the land is already bestowed on them and is looking into a possibility of having to provide 1-2 Tractors to farmer’s cooperatives nationwide.


The President is also committed to undertake the Agrarian Reform Program the absence of peace talks with the communists.

“With or without the talks between the government and communists, land reform will continue to be implemented. It will not end this way,” the President mentioned in his speech.

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Source:  politics.com.ph

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