The Viability of Agricultural Value Chain Financing in the Province of Nueva Ecija

Abstract

Agriculture is one of the main industries in the Philippines, and Nueva Ecija is known as the country's "Rice Granary." However, many farmers in the province face financial constraints that limit their ability to invest in their farms and improve their yields. This descriptive study aimed to explore the viability of agricultural value chain financing in Nueva Ecija. The researchers used convenience sampling and a survey questionnaire with a consent form to collect data from farmers, traders, and other actors in the agricultural value chain. The researchers analyzed the data using frequency count, percentages, and weighted mean. The study found that agricultural value chain financing is viable in Nueva Ecija, but only if there is an entity that can act as a link between the different actors in the chain. This could be a government agency, a non-governmental organization, or a private sector company. The link entity would need to provide financial and other support services to farmers, such as training and technical assistance, as well as facilitate connections between farmers and other actors in the value chain, such as traders and processors. This study provides valuable insights into the potential of agricultural value chain financing in Nueva Ecija. By highlighting the importance of link entities, the findings can inform the development of policies and programs that support agricultural development and poverty reduction in the province and beyond.