State-owned Development Bank of the Philippines (DBP) has financed a modern poultry building in Camarines Norte envisioned to help boost farm productivity in the province, a senior official said.
DBP president and chief executive officer Emmanuel G. Herbosa said the tunnel-ventilated poultry building of Amaris Farm located in Barangay Lugui, Labo, Camarines Norte is the first of its kind in the northernmost province of the Bicol region.
“We are pleased to have assisted Amaris Farm in the construction of this modern facility,” he said of the project bankrolled by a P20-million DBP term loan facility. “This mirrors DBP’s commitment to promote agribusiness in the countryside, contribute to food security, and promote environmental protection.”
Located some 350 kilometers south of Manila, Camarines Norte has 12 towns and a population of more than 583,300 as of the 2015 census. Its economy is largely dependent on agriculture.
The modern poultry building, which will increase Amaris Farm’s production by 45,000 chicks, was recently inaugurated with Camarines Norte Governor Edgar Tallado and provincial officials in attendance. The firm is also set to commence its contract-growing venture with Bounty Agro Ventures, Inc.
During the inauguration and blessing of the building, Governor Tallado thanked DBP for the bank’s continuing efforts to assist small and medium enterprises in the province as well as the other projects of the provincial government.
Owned by spouses Erwin and Rhoda Lausin, Amaris Farm is also in the process of securing additional DBP assistance for the construction of a second poultry building scheduled within the year.