DA to give grants to youth with agri-fishery businesses

The number of farm workers in the Philippines has declined 1.5% per year since 2007. Those employed in agriculture likewise declined to 9.8 million in 2020 from 11.84 million in 2015. The average age of farmers as of 2018 is 57.

In view of this, the Department of Agriculture developed the “Young Farmers Challenges: Kabataang Agribiz” program, hoping the Filipino youth’s innovation and aggressive drive will further make agriculture sustainable.

It is open to youth with proposed agri-business ventures that have a potential for profit. The micro-enterprise must be operated by an individual youth or as a joint venture between two or more youth.

Chosen youth will be awarded financial aid amounting to 74 million pesos that could serve as start-up capital for their planned enterprises focused on crop and livestock production, fisheries, trading, processing, integrated farming, agricultural technology and similar endeavors.

Source: https://www.philstar.com/business/2021/06/11/2104756/da-seeks-competitive-youth-young-farmers-challenge-agribusiness-grant

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