Borja, Nicole Anne A.

ENG10 B-5R
2014-13779

Preliminary Literature Review Guide

Outline Author, year Summary

I. Background of the Philippine Sugarcane

Industry
Philippine Statistics Authority,2014 Sugarcane contributes a significant
A. Sugarcane
number to the country’s exports.

B. Sugarcane Production
Sugar Regulatory Administration, 2016 Most of the sugarcane farmers in the
country operate in small scale, however,
they need at least ten hectares to be
productive.

C. Sugarcane Production Costs

Sugar Regulatory Administration, 2015
The cost of production of sugarcane is
very high.

II. Philippine Agricultural Finance

A. Current Finance Programs Land Bank of the Philippines, 2014 Philippine banks offer many programs that
cover the agricultural sector mainly
 because of the country’s laws.

B. Evident Biases Most of the agricultural finance and credit

programs are devoted to rice production
and farmers with organizations.

C. Financial Alternatives Farmers who are neither producing rice

nor members of any organizations resort
to microfinancial institutions and informal
lenders.

III. Batangas
A. Geographic Profile Department of Agriculture, 2016 Batangas is a part of CALABARZON
which is over

B. Agricultural Economic Profile Pia, 2012 cited by Luna, 2016 Most of its land area is devoted for
agriculture since its climate is perfect for
farming.

The high value of capital needed for

C. Financial Problems agriculture forced the farmers not only to
borrow from microfinance and informal
 lenders since they nonmembers of
organizations, but also affect their families
especially the children who are studying.

IV. Conclusion The sugarcane industry faces challenges

financially because of the high value of
capital required. Farmers must be granted
the optimal amount of loan in order to
suffice their farm and nonfarm expenses.