Biyernes, Hunyo 20, 2014

Mighty Corp increase production boost to Northern Luzon farmers

Last February, wholly-Filipino owned cigarette manufacturing company Mighty Corp pledged to double its purchase of tobacco from five million to 10 million kilos this year.
According to National Federation of Tobacco Farmers Association and Cooperatives president Mario Cabasal said the announcement of the company was expected to break the farmers’ dependence on giant tobacco companies, who enter into contract with farmers to make them plant high nicotine varieties.
“The farmers now have a buyer for low-grade tobacco,” Cabasal said.
Meanwhile, Mighty Corp also sponsored 100 college scholarship grants for children of tobacco farmers in La Union. The partnership agreements with farmers at the Hotel Ariana in Bauang, La Union last February 8.
Edgardo Zaragosa, Administrator of the National Tobacco Administration elated the entry of Mighty Corporation in the market, “which is good because competition in tobacco trading will help farmers, especially if the price is right.”
“If Mighty is absent, we will be having problems selling tobacco,” Zaragosa said.

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