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An Analysis of Quedancor's Financial Condition


Drawing its substance from two Agriculture & Fisheries Modernization Act (AFMA) mandated studies undertaken by PSR Consulting, Inc., this analysis presents Quedancor's finances and operating performance. The studies are; 1) the Review, Consolidation and Rationalization of Existing Guarantee Programs for Agriculture and Fisheries, and 2) the Review of the Charters and Performance of the LBP, PCIC, GFSME, ACPC, and Quedancor. Financial statements of the Corporation were also used. Losses from its guarantee operations suggest that Quedancor did not have sufficient market reach due to, among others, shortfalls in NG equity infusion and low fund leveraging.

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