Aklan farmers particularly members of the AKLAN SEED GROWERS in Kalibo and SANDONA Development Cooperative in Barangay Guinbaliwan, New Washington, Aklan continue to benefit from the NFA’s Farmers’ Option to Buy Back (FOBB) program. The Aklan Seed Grower and SANDONA Development Corporation are being chaired by Ret. Gen. Frederique R. Romero and Mrs. Joyce M. Delos Santos respectively. They are the first ever in Aklan to avail of this government enhanced marketing program.
In the FOBB program, the palay deliveries of both the individual farmers and institutionalized farmer organizations/cooperatives are procured just like in the regular procurement transaction. They are provided with a ready market for their produce and working capital while waiting for a good price of the traders. They have the option to buy-back the same volume of palay sold to the agency within the period of six months for resale to traders, millers or other interested buyers who may offer higher price than NFA’s maximum price of P10.25/kg for individual and P10.50/kg for FOs/cooperatives.
To date, the NFA Grains Center in Linabuan Sur, Banga, Aklan has procured 1,325 bags of palay from the Aklan Seed Growers and 1,276 bags of palay from SANDONA Development Cooperative or a total of 2,601 bags. NFA Aklan Provincial Manager Pablito G. Gemarino said, they have a waiting period until April 2007 wherein they could reap the gain anytime as private palay trading would allow.
Other farmers, FOs/cooperatives who are interested to participate in the program are welcome to visit NFA Office, Linabuan Sur, Banga, Aklan for more detail. Just contact Ms. Judith Tindog. /MPmailto:madyaas_pen@yahoo.com
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