SEC urges agribusinesses to tap capital market

The Securities and Exchange Commission (SEC) is urging agribusinesses to tap the capital market for their funding needs, as the process for securities registration for the industry has been streamlined by the commission.

- By RICHMOND MERCURIO

Corporations engaged in agribusiness are encouraged by the SEC to avail themselves of the Securing and Expanding Capital for Farms and Agribusiness Related Modernization Schemes (SEC FARMS) program which eases securities registration for the industry.

Under SEC FARMS, the SEC is required to review the registration statements of agribusiness firms within 28 days from the filing date, subject to the commission’s guidelines.