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SEC FARMS, which stands for Securing and Expanding Capital for Farms and Agri-business Related Modernization Schemes, was launched by the SEC in accordance with the President's priority projects on food security and agriculture.
The rules and processes for agri-based businesses registering securities for the purpose of generating money for agricultural initiatives will be streamlined by SEC FARMS. Applications may be approved within 28 days of SEC filing if they follow the Commission's rules.
Under the scheme, agricultural businesses may raise up to P500 million for each project.
SEC FARMS is in line with the President's strategic initiative, "Masaganang Agrikultura, Maunlad na Ekonomiya," which focuses on farm consolidation, modernization, industrialization, and professionalization in order to draw private sector investment to the agricultural sector.
The project increases the number of investment alternatives for Filipinos who are employed both domestically and overseas. It is intended to assist overseas Filipino employees (OFWs), who are often targeted by scammers into depositing their hard-earned money into fraudulent investment schemes, to take advantage of reliable and legal investments offered in the market.
For more information about SEC MC No. 08, series of 2023 Securing & Expanding Capital for Farms & Agri-Business Related Modernization Schemes (SEC FARMS), see the SEC website.
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ABOUT THE BLOGGER
Hi, I'm Ralph Gregore Masalihit!
An RFP Graduate (Registered Financial Planner Institute - Philippines).
A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy).
Currently, I'm working my way toward time and financial freedom.