Thursday, November 11, 2010

Farmers' Woe

Some of the farmers are in predicament on how to pay back the loans they got from the Quedan and Rural Credit Guarantee Corporation or Quedancor under the strategy of Ginintuang Ani ni GMA Cares Program of Gloria Macapagal Arroyo. Sun-Star Davao reports that the farmers' loans have reached over Php7million. Poor poor farmers really. 

Ok, obviously the program failed in its vision if it had it. But we believed that the program was aimed to supposedly alleviate poverty affecting the farming sector and that those farmers believed in the vision by availing of the loans. What happened along the way? Some say it is the same old reason - poverty. The farmers could not possibly pay the loans and their interests because of poor production. Same old story.  What is the way out? We don't know if the government of Pnoy will listen to their demand to scrap the program pushed in partnership with the Department of Agriculture (2002-2004). 

1 comments:

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