LandBank assistance

Land Bank of the Philippines’ timely assistance enables Reicher Banana Farm Inc. in Davao de Oro to register a 100-percent growth in production and fully recover from the Panama disease. The 74-hectare banana plantation was hit hard by the destructive Panama plant disease in 2013. RBFI availed of a P75-million loan from LandBank in 2018 to supplement working capital and purchase the necessary inputs and equipment for rehabilitation. After two years of rehabilitation, RBFI fully recovered from the plant disease and is now harvesting around 10,000 boxes of produce a week—a 100-percent increase from the previous production of 5,000 boxes a week.