Agrarian Farmers beef up financial literacy training

BUTUAN CITY, March 27 -- At least 131 small-scale farm holders comprised of Agrarian Reform Beneficiaries (ARBs) and non-ARBs attended a series of workshops on Basic Financial Literacy to provide the needed financial management skills held recently here.

Provincial Agrarian Reform Program Officer Andre B. Atega said the training is significantly beneficial to the clustered farmers, who are currently engaged in clustering approach to agro-enterprise development under the Linking Small Farm-Holder to Market (LinkSFarM) project through learning-by-doing collective marketing.

The training was participated in by at least 23 clusters comprised of 10 to 15 members who are committed to establish a market-linked agro-enterprise within Butuan City. 

LinksFarM Provincial coordinator Juanita Balibay of DAR Agusan del Norte said the clustered-farmers lacked the necessary technical skills in strengthening their financial system. “They need interventions that will capacitate them in managing financial resources.  We tapped NGOs who can technically provide them the skills,” Balibay added.

Jonathan Tagalo, an NGO-tapped speaker, said the participants were taught financial statement analysis, credit, savings, and systematic planning for production and marketing.

Juan Pudalan, one of the participants, said “Kini nga training naghatag kanamo ug dugang kahibalo sa pagpadagan sa among grupo (This training gives us more knowledge to guide our group)."

The activity is part of DAR’s capability enhancements on financial literacy for the farmers. (Gil E. Miranda, DAR Agusan del Norte/PIA Agusan del Norte)

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https://pia.gov.ph/news/articles/1020244
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