THE WAY FORWARD │ Level Up Philippine Agriculture!

Visit at Northern Foods Corporation, Sarrat, Ilocos Norte (Sept. 26, 2020)

Author: DA Communications Group | 26 September 2020

Department of Agriculture (DA) Secretary William Dar visited the Northern Foods Corporation (NFC) on September 26, 2020, wherein he mentioned that a P65-million budget will be allotted to help the tomato processing facility get back on its feet, and help thousands of Ilocos farmers earn a sustainable income.

According to Sec. Dar, DA is seeking a P26-million loan under the Agricultural Competitiveness Enhancement Fund (ACEF) to finance the operations of NFC as it awaits its privatization. The firm is also securing an additional P39-M loan from the DA’s Agricultural Credit Policy Council (ACPC) so it could pay its arrears to farmers who had sold tomatoes during previous harvest seasons.

The NFC was established in 1984 as a subsidiary of the Livelihood Corp. (LiveCor). In the year 2000, it was transferred to the Department of Agriculture. In 2013, the Governance Commission for GOCCs (GCG) categorized NFC as a government-owned and controlled corporation under its food sector.

NFC processes into paste fresh ripe tomatoes, particularly the “Ilocos Red” variety, sourced from 3,000 farmers, in Ilocos Norte and Ilocos Sur. Every season, they enter into a contract growing agreement with the NFC that provides technical assistance and arranges financing with lending institutions for fertilizers, pesticides, harvest containers, and other inputs. (Photos by Alan Jay Jacalan, DA-AFID)