“RBFI availed of a P75-million loan from LANDBANK in 2018 to supplement working capital and purchase the necessary inputs and equipment for rehabilitation,” LANDBANK said.
In 2013, the farm’s 74-hectare banana plantation was hit by the plant disease. Panama disease infested Cavendish plantations throughout Davao de Oro and nearby areas. RBFI also used a portion of the LANDBANK loan for land expansion and modernization, including the purchase of a digital system for logging banana numbers per bunch, weight, age, and location in the plantation.
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