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Manila Bulletin devider Philippines devider Caraga farmers undergo financial management training amidst COVID-19 pandemic

Caraga farmers undergo financial management training amidst COVID-19 pandemic

Published Dec 8, 2020 09:59 am

BUTUAN CITY – Amidst coronavirus disease (COVID-19) pandemic, forty-eight farmer-partners underwent a two-day online training on financial management and agricultural entrepreneurship through the Department of Agriculture's Special Area for Agricultural Development (SAAD) Program.

Senior Agriculturist Rey U. Frias of the DA-Caraga's Agribusiness and Marketing Assistance Division (AMAD) serves as the resource person of the two-day training. (SAAD - CARAGA / MANILA BULLETIN)
Senior Agriculturist Rey U. Frias of the DA-Caraga's Agribusiness and Marketing Assistance Division (AMAD) serves as the resource person of the two-day training. (SAAD - CARAGA / MANILA BULLETIN)

The two-day training from Dec. 3 - 4 among representatives from 17 SAAD-funded farmer-associations in Agusan del Sur and Surigao del Sur elaborated on the entrepreneurial mindset to help farmers become decisive, responsive to challenges, and future-oriented.

Financial literacy was also tackled which included lessons on proper funds allocation, assessing financial limitations, and taking proactive actions.

Training resource speaker Rey U. Frias of the DA-Caraga Agribusiness and Marketing Assistance Division (AMAD) emphasized that agriculture is in itself a business. With the farmers’ lead role in the country's agriculture sector, financial management and entrepreneurship are fundamental skills for them to thrive in their endeavors.

Financial education remains a challenge for developing countries, such as the Philippines, with many Filipinos who still do not understand basic financial concepts, thus, making them prone to making poor decisions related to financial management.

With the SAAD Program’s end-goal of helping the said farmers to become established agri-preneurs by 2022, capability-building training centered not only on production know-how but also on financial management.

DA-Caraga Regional Executive Director (RED) Abel James I. Monteagudo, during his welcome message, also said that farmers need to be innovative, opportunity-driven, and creative to thrive in their entrepreneurial endeavors.

“By empowering the local farmers, we shall see a progressive Caraga region,” Monteagudo said.  

According to the Food and Agriculture Organization (FAO), entrepreneurship is an elaborate skill and there is no single training that can turn farmers into entrepreneurs overnight. However, recognizing the role farmers play in the success of their projects, the SAAD Program continuously rolls out training that will equip farmers to be action-oriented.

Two separate trainings on effective organizational communication and leadership are set to take place during the first quarter of 2021.

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