The Development Bank of the Philippines (DBP) has granted a P352-million loan to Birdsteel Farm, one of the top contract growers in the country, for the latter’s farm expansion project after a loan agreement signing held recently in Cebu City.
The loan is in line with DBP’s thrust to support projects that contribute to food security, initiate innovations in the use of modern technology, and promote environmental safeguards in their operations.
Once completed and operational, the expansion project will increase the present broiler production capacity of Birdsteel Farm from 1.1 million birds per grow to 1.6 million birds per grow.
DBP’s total financial assistance granted to this modern poultry farm project now amounts to P635-million. Through DBP’s assistance, Birdsteel Farm has been able to increase production from an original bird capacity of 350,000 in 2011, to 550,000 in 2013, and to 1.1 million in 2015.
Through DBP’s assistance, Birdsteel Farm has expanded its facilities with the construction of modern, auto-climate controlled poultry buildings under the latest tunnel ventilation system. This has led to significant economic, environmental and social impact in the contract-growing community not only in Region VII but in the entire country as well.
Birdsteel Farm owners Neil and Maria Theresa Sajuela expressed gratitude to DBP’s assistance and partnership with them. They committed to continue to revolutionize their operation and share knowledge and technical developments to other aspiring growers and farmers.