CPF Philippines joins hands with DA and DBP to finance bio-secure farms

Charoen Pokphand Foods Philippines Corporation (CPF Philippines), the Department of Agriculture (DA), Development Bank of the Philippines (DBP), has set a plan to finance livestock and aquaculture farms nationwide to help small and medium scale farmers strengthen biosecurity, sustainability, and productivity, while assuring the nation's food security.

The joint effort is an expansion of Swine Rehabilitation, Repopulation and Recovery Credit" or Swine R3 program launched by CPF Philippines, DA and DBP in 2021 to revive the pig industry from the outbreak of AFS. The program provides financial aid to the SMEs to make infrastructure development. Also, the project provides farmers with marketing and technical support.

CPF Philippines' President Udomsak Aksornphakdee said the company, DA and DBP are planning to extend a helping hand to other livestock, poultry, and aquaculture farms across the country. The effort will help smallholder and medium farmers to transform their farms to equip with higher level of biosecurity system. This program will assure food security in the Philippines.

He added that CPF Philippines will use its expertise in contract farming implementation, hi-tech farming and biosecurity to supports the smallholder farmers. He says "This project allows small scale farmers to access to funding. The project's assistance included financial support, marketing channels and technical knowledge from experts. Ultimately, Filipino farmers will be able to produce safe, high-quality food, resulting ub sustainable growth of the livestock sector, enabling the country to achieve self-sufficiency and food security."

The project is in line with the principle of "3 benefits" towards sustainability, putting interests of the country and its people interest before the benefits of the organization. This is a philosophy that the Company adheres to and applies in every country where CP Foods operates.