Rice Farm Budget, Loan Application and Crop Insurance Enrollment

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Rice Farm Budget, Loan Application and Crop Insurance Enrollment — page 1
Rice Farm Budget, Loan Application and Crop Insurance Enrollment — page 2
Rice Farm Budget, Loan Application and Crop Insurance Enrollment — page 3

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Farmer: [FULL NAME]

RSBSA number: [RSBSA NUMBER]

Farm location: Barangay [NAME], [MUNICIPALITY], [PROVINCE]

Area: [HECTARES] ha · Variety: [VARIETY]

Planting date: [DATE] · Expected harvest: [DATE]

1. Costs per hectare

Cost item Per ha My area

Seeds ₱[AMOUNT] ₱[AMOUNT]

Fertilizer ₱[AMOUNT] ₱[AMOUNT]

Pesticides ₱[AMOUNT] ₱[AMOUNT]

Hired labor ₱[AMOUNT] ₱[AMOUNT]

Machine rental and fuel ₱[AMOUNT] ₱[AMOUNT]

Irrigation fee ₱[AMOUNT] ₱[AMOUNT]

Land rent ₱[AMOUNT] ₱[AMOUNT]

Other ₱[AMOUNT] ₱[AMOUNT]

Total cost ₱[TOTAL] ₱[TOTAL]

2. Returns

Amount

Yield, t/ha [TONNES]

Palay price, ₱/kg ₱[PRICE]

Gross returns ₱[AMOUNT]

Net result ₱[AMOUNT]

Cost per kg of palay ₱[AMOUNT]

Break-even yield [TONNES] t/ha

3. Loan application — ERCA-RCEF

To: The Head, LANDBANK Lending Center, [PROVINCE]

Date: [DD MONTH YYYY]

Subject: Application for a production loan under ERCA-RCEF

Dear Sir / Madam,

I, [FULL NAME], a rice farmer registered in the RSBSA (no. [RSBSA NUMBER]), apply for a production loan under the Expanded Rice Credit Assistance (ERCA-RCEF) for [HECTARES] hectare(s) of rice at [FARM LOCATION], to be planted on [DATE].

Amount

Project cost (farm inputs: materials and labor) ₱[AMOUNT]

Less: covered by RCEF grants ₱[AMOUNT]

Loan requested (up to 90 %) ₱[AMOUNT]

I declare that I have no outstanding loan from LANDBANK or any other lending institution for this same project. I attach:

[ ] Standard loan application form with sworn statement

[ ] Valid government-issued ID (photocopy)

[ ] Land title (certified true copy), MARO certification, or proof of tillership

[ ] Certificate of training on rice, or MAO certification of experience

[ ] Proof of RSBSA registration

[ ] Proof of attendance at a loan orientation or financial literacy seminar (first-time borrowers)

Signature: ____________________

Name: [FULL NAME] · Mobile: [MOBILE]

4. Crop insurance enrollment — PCIC

To: Philippine Crop Insurance Corporation, [REGIONAL OFFICE]

I, [FULL NAME], a farmer listed in the RSBSA (no. [RSBSA NUMBER]), request to enroll my rice crop on [HECTARES] hectare(s) at [FARM LOCATION] for the season starting [DATE] under the premium-free insurance for RSBSA farmers.

Signature: ____________________

Date: [DD MONTH YYYY]

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