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Mandate and History

Republic Act No. 3844, as ammended created the LandBank of the Philippines with the objectives of providing the financial support and extension services needed in the implementation of the government’s Agrarian reform Program. It is committed to the society of financial institutions on one hand and to the tasks of agricultural development on the other.

LandBank, however, recognizes that agricultural credit or financial assistance per se is not the answer to improving the farmer’s productivity or income unless his ability to pay improves. It was this that prompted LandBank to create a corporate body to assist farmers in the field of agricultural development.

The LandBank thus conceived the Masaganang Sakahan, Inc. (or MSI) in the latter part of 1974, which started operations in July 1975.


Nature of Early MSI Operations

For the past years since its initial operation, MSI undertook various programs and projects in pursuit of its original mission, which was to improve the productivity and income of small farmers in the areas covered by the national government’s agrarian reform program. While LBP provided continuing credit and technical supervision, MSI concentrated on providing developmental types of facilities and services that would boost or support his productivity and/or income-earning capability, thus ensuring in the end his ability to pay his debts to the bank. However, being a corporation, MSI had to provide these needed agri-business support and services while maintaining corporate financial viability.

At the start of MSI operation, LBP directed MSI to undertake developmental and pioneering types of facilities and services that would boost farmers productivityand income.

To name some of MSI endeavors that have been successful are as follows:

     a.

Rice Trading The project deals with MSI distributing cavans of rice to its government and private institutional clients. The rice supply came from MSI managed Projects.

     b.

Estate Management Project The project involved the collection of land and loan amortizations, either in cash or in kind or both, from the farmer-beneficiaries of LBP, who acquired their agricultural lands thru the bank’s Operations Land Transfer Program. The farmer-beneficiaries serviced by MSI included palay and corn farmers, whose payments in kind were subsequently monetized/converted to cash under the company’s trading operations.

     c.

Cattle Marketing Project The project involved the provision of stocks fattening and breeding to cooperatives and small and medium feedlot operators sourced locally and imported and marketing assistance through PIK and market matching.

 
ABOUT US

For the past years since its initial operation, MSI undertook various programs and projects in pursuit of its original mission, which was to improve the productivity and income of small farmers in the areas covered by the national government’s agrarian reform program. It is committed to the society of financial institutions on one hand and to the tasks of agricultural development on the other.


VISION
By 2025, MSI is a prime provider of developmental assistance to farmer cooperatives and organizations towards self-sustainability.

MISSION
MSI will provide agri-related opportunities and services to farmer cooperatives and organizations to help improve their income capacity and exposure to developmental framework to further increase their level of productivity.


CORE VALUES
Excellence: Quality and Competitiveness

Social Responsibility: Service to Community and Customer Satisfaction

Professionalism: Teamwork, Dedication, Commitment, Competence and Mutual Respect