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Treat agriculture like a business enterprise, says DTI S. Leyte director

MAASIN CITY (PIA) -- Efforts at farming like planting crops and tending domesticated animals should be taken as a matter of a business concern, not just a passing past-time, simple hobby, or interest.

Viewed on this light, a farming enterprise should be duly registered and licensed, and must maintain an updated record, Mike Nuñez, provincial director of the Department of Trade and Industry, advised.

And like any other business, the agriculture business must generate a profit out of its day-to-day operations, Nuñez said at the Kapihan sa PIA forum Thursday, September 15.

With a duly registered business, such as agriculture-related or a farming activity, the owner or management may access loans offered by financial institutions for further capital needs or expansion, granting it is qualified to avail.

Nuñez said one of the main requirements of banks or any lending outlets in letting a farmer-entrepreneur borrow money was the record books, to see if all transactions of sales, expenses or coasts, and income, were faithfully recorded.

In addition, government agencies that extend grants or assistance would always refer to the documents kept by the enterprise, farming among them, Nuñez emphasized. (LDL/MMP/PIA Southern Leyte)

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