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ASEAN Senior Officials Visit KFI Cacao Nursery Farm

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ASEAN Senior Officials Visit KFI Cacao Nursery Farm

  1. 1. Office of the President of the Philippines NATIONAL ANTI-POVERTY COMMISSION Water System Training Center, MWSS-LWUA Complex, Katipunan Ave., Quezon City This article is for immediate release. For more inquiries, please contact: Mr. Bryan G. Villasana, NAPC Communications Officer +639272862812 www.napc.gov.ph PRESS RELEASE June 18, 2014 Bohol Puts Best Foot Forward to ASEAN Senior Officials: A Visit to Carmen Samahang Nayon Senior Officials from ASEAN Member States pay a visit to Carmen Samahang Nayon, a multi-purpose cooperative of more than 2,000 poor cacao farmers that entered into a partnership with Kennemer Foods, Inc. (KFI), and Land Bank of the Philippines (LandBank) in Bohol. A successful rural enterprise, Carmen Samahang Nayon was presented as a model in the 11th Senior Officials Meeting on Rural Development and Poverty Eradication (SOMRDPE) held in Panglao Island, Bohol. KFI initiated a venture of contract farming with poor cacao farmers to plant and grow cacao that KFI will buy for its international market of chocolates. LandBank provides loans to the farmers to help them tide over the two-year period before they can harvest the cacao fruits. LandBank is confident the loans will be paid come harvest time because the farmers have a ready buyer for their produce, which is KFI. This three-way partnership exemplifies a strong cooperation between poor farmers, government institutions, and private entities that work together towards rural development. KFI buys 75% of the farmers’ harvest. To ensure the quality of the cacao, the company provides training and technological support and supervises the farmers. It sends cacao doctors to the farms to monitor the cacao plants. Farmers are assured of a good price—a price floor is set with KFI which can be increased based on market price. The partnership with KFI began in 2011 with only 30 farmers. Due to the success of the program, 350 hectares in Bohol are now cacao farms and Samahang Nayon’s membership has increased to 2,000 strong. The National Anti-Poverty Commission (NAPC) hosts the 11th Senior Officials Meeting on Rural Development and Poverty Eradication (SOMRDPE) in Bohol.

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