DAVAO CITY The Mindanao Development Authority (MinDA) said it is finalizing a purchase order or PO system for farmers to help them secure more capital and increase productivity.
DAVAO CITY – The Mindanao Development Authority (MinDA) said it is finalizing a purchase order or PO system for farmers to help them secure more capital and increase productivity.
In a Facebook post on Friday, MinDA Secretary Emmanuel Piñol described the PO system as a “market-driven food production concept” in which a PO is issued before farmers or fishermen start production, which in turn could be used as a guarantee for a bank financing.
Piol said the concept is being “fine-tuned” by MinDA with the help of the private sector.
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