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|BAR Director William C. Medrano (left) DA Secretary Luis P. Lorenzo, Jr. (middle) and Landbank President and CEO Gary B. Teves (right) sign the Memorandum of Agreement for technology commercialization.|
To facilitate the immediate promotion and utilization of R&D results to the farmers and fisherfolk, the Bureau of Agricultural Research of the Department of Agriculture (DA-BAR) signed a Memorandum of Agreement (MOU) with LandBank of the Philippines (LBP) to implement the “DA-BAR-LBP National Technology Commercialization Program”. This is a joint program in coordination with the local government units (LGUs) and selected state colleges and universities (SCUs), which aims to adopt and pursue rural-based development strategy in alleviating poverty particularly in the countryside.
This program aims to promote and finance suitable and viable technologies for the livelihood activities of farmers and fisherfolk especially on high value fruits, vegetables and ornamentals and other related activities. On the part of BAR, this program is in line with the management’s priority to put more focus in the implementation of On-Farm Research (OFR) and strengthen its enterprise development component.
Stated in the agreement were three objectives that this program hopes to achieve:
- promote appropriate, updated, and sustainable technologies that will generate and enhance production and post-production efficiencies and guarantee increase in income to farmers and fisherfolk;
- enhance the LBP's lending programs through technology validation delivery/transfer of technologies to rural farmers, fisherfolk and entrepreneurs; and
- facilitate technology transfer by showcasing sustainable technologies for farmers and fisherfolk.