The Market Monitor Minding the Nation's Business
Agrilever, an agri tech company, announced it would soon launch more programs for rice farmers this year after it rolled out an app that gives insights about crop management protocols and advanced weather intelligence.
The company said this app can assist rice farmers in mitigating the effects of sudden and extreme weather changes. Planters can also get notified on tasks regarding their farm fields with the app’s seasonal growing protocols, tailored by agronomists.
“By integrating advanced weather forecasting, digital credit scoring, and real-time loan monitoring, we ensure that farmers have the resources to make informed decisions,” Agrilever CEO Ruel Amparo claimed.
Similar apps on weather prediction have been developed by the government’s Philippine Rice Research Institute in Nueva Ecija and have been deployed to farmers since two or more years back.
“This not only helps them increase their harvest but also enables them to repay their loans on time—creating a win-win situation for farmers, financial institutions, and the entire agricultural value chain.”
The company claimed that it closed the gap between Filipino farmers and financial institutions by serving as “a key intermediary” in securing financing.
It vowed to “help the country’s agricultural sector boost productivity and improve resiliency by empowering small Filipino rice farmers.”
With the belief that farmers should have access to technological resources and farming essentials, the firm provided means to countryside rice farmers to get and manage their loans and credit from banks.
“By bridging the gap between farmers and financial institutions, we are not only empowering them with better resources but also ensuring a more resilient and productive agricultural sector.”
The company bridges the credit gap in the rice sector by connecting farmers with financial institutions through technology.
It gives farmers with digital agronomy services, market access, flexible financing, crop insurance and weather systems all aimed to promote sustainability and social equity in the sector.
Through Banko, the financial inclusion and microfinance arm of BPI, Agrilever will launch the Agri NegosyoKo Loan program, offering customized loans and benefits to farmers.
While Agrilever collaborates with groups like Banko, it operates as an independent agri-tech company, not a subsidiary of Agritech,