
At a ceremony to sign a $20 million agreement between the U.S. and Philippine Governments for agricultural development, Ambassador Kristie Kenney (third from right) poses at a papaya greenhouse on the UP-Los Banos campus with (from left) Dr. Desiree Hautea, Director, UP-Los Banos' Institute for Plant Breeding; UP-Los Banos' Chancellor Dr. Luis Rey Velasco; Department of Finance Secretary Margarito Teves; Department of Agriculture Secretary Domingo Panganiban; and Dennis Voboril, U.S. Department of Agriculture attaché. The "PL 480" agricultural development agreement provides for 69,000 metric tons of rice valued at $20 million to be sold on concessional credit terms to the Philippine Government, which will in turn sell the products and use the proceeds for agricultural development that will benefit thousands of Filipino farmers, livestock raisers, and agricultural scientists.