Firm eyes 45,000-hectare oil palm expansion in NorMin
A Mindanao-based company engaged in oil palm growing is targeting to develop at least 45,000 hectares of land in two provinces in the island within the next five years.
Manuel Boniao, chairman of Bali Oil Palm Produce Corp., said they are aiming to develop 15,000 hectares in Bukidnon and 30,000 hectares in Misamis Oriental, both in Northern Mindanao region, through contract growing scheme.
“To uplift the lives of poor farmers, we believe that we should have a holistic and integrated approach where all stakeholders participate in the program that promotes inclusive growth for farmers,” he said in a report from the Philippine Business for Social Progress (PBSP).
Bali Oil is among the companies that adopted the Inclusive Business in Mindanao (IBIM), a partnership between the PBSP and the Mindanao Development Authority (MinDA).