Agriculture department blames banks for poor growth

MANILA, Philippines – Department of Agriculture (DA) Secretary Emmanuel Piñol blamed banks for the unimpressive growth of the agricultural sector, as they consistently defied the agri-agra reform law.

"How can you expect an impressive growth in Philippine agriculture when banking institutions are avoiding the agri-agra law commitments? It’s like milking an ill-fed cattle. Gagatasan mo ‘yung baka na hindi nagpapakain, talagang hindi magbibigay ng gatas iyon,” Pinol said on Friday, May 25, during the sidelines of the 12th International Food Exhibition in Pasay City. (You will milk the cow yet you don’t feed it, of course it will not produce milk.)

Ralf Rivas

A sociologist by heart, a journalist by profession. Ralf is Rappler's business reporter, covering macroeconomy, government finance, companies, and agriculture.