Land Bank Approves ₱1.2 Billion Loan for Sagittarian Agricultural Phils., Inc.’s Cutting-Edge Feed Mill Complex
Cabannungan, City of Ilagan – March 4, 2025
In a major boost to the Philippine agriculture sector, Land Bank of the Philippines has approved a ₱1.2 billion loan to Sagittarian Agricultural Philippines Inc. (SAPI) to finance the construction of a ₱1.6 billion state-of-the-art Feed Mill Complex in Cabannungan, City of Ilagan.
This transformative project underscores the shared commitment of both public and private sectors to modernize agricultural infrastructure, support local farmers, and drive sustainable growth in food production.
Strategic Partnership for Agricultural Progress
The landmark agreement was formalized during a ceremonial signing attended by:
-Jose Avelino Diaz, President & CEO, Sagittarian Agricultural Phils., Inc.
-Senior executives from Land Bank of the Philippines
-Representatives of Charoen Pokphand Foods Philippines (CPF)
This event marks a significant milestone in public-private sector cooperation, designed to enhance the country’s agricultural value chain.
About the Feed Mill Complex
The upcoming facility, valued at ₱1.6 billion, is positioned to become one of the most technologically advanced feed production plants in the region. The complex will serve as a reliable source of high-quality, affordable feed for livestock and poultry farmers, helping address growing domestic demand and mitigate supply chain challenges.
Key Features:
✅ Modern equipment and automation.
✅ High-volume feed production capacity.
✅ Quality control labs.
✅ Environmentally sustainable operations.
Boosting Local Farmers and the Rural Economy
Beyond its technical advantages, the feed mill complex is expected to generate significant economic and social benefits:
✅ Job Creation: Direct and indirect employment for locals
✅ Support for Corn Growers: Increased demand for local corn and grains
✅ Opportunities for SMEs: Access to affordable, consistent feed supply
✅ Inclusive Growth: Economic activity within Cabannungan and nearby towns
What’s Next?
The Feed Mill Complex is currently in the initial construction phase, with full operations expected to commence by late 2026. Upon completion, it will serve as a regional model for innovation, efficiency, and inclusive agricultural development.
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