Landbank to Finance ₱1.2-B Feed Mill Complex in Isabela to Boost Agriculture and Farmer Income

ILAGAN, ISABELA — In a move to strengthen the country’s agricultural value chain and uplift local farmers, the Land Bank of the Philippines has approved a ₱1.2 billion loan to fund the construction of a large-scale feed mill complex in Ilagan, Isabela.

In a statement issued Wednesday, Landbank said it signed a financing deal with Sagittarian Agricultural Philippines Inc. (SAPI), which will oversee the development of a 15-hectare feed mill facility in the nation’s corn capital. Additionally, the state-run lender is providing SAPI a ₱100 million credit line for working capital support.

Once completed, the facility will be leased to Charoen Pokphand Philippines Corporation (CPFPC), a leading agro-industrial firm and longtime Landbank partner.

The project aims to raise the price of corn from ₱1.00 to ₱2.00 per kilo, benefiting nearly 97,734 smallholder farmers in Isabela and neighboring provinces, according to Landbank.

“With this investment, Landbank reaffirms its commitment to modernizing agriculture, empowering Filipino farmers, and enhancing national food security,” said Landbank President and CEO Lynette Ortiz.