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VMC incentive scheme to attract more planters

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BY GILBERT P. BAYORAN

The Victorias Milling Company vows to ensure capacity utilization of its sugar segment through a stronger and more relevant incentive scheme to attract more sugar planters to supply their sugarcane to the company, for calendar year 2021-2022.

In a statement, VMC said the trucking allowance is only one aspect of this scheme that it has undertaken after a thorough scrutiny and understanding of the needs of the farmers during this time, where oil and fertilizer prices continue to rise.

Fertilizer cost have increased dramatically by three-folds compared to the last crop year, which was from P800 per bag to as high as P2,500 per bag.

Another initiative that VMC has engaged in for sustainability is the production of liquid fertilizer which it offers to nearby and willing partner-farmers for free.

It added that the company remains committed to respond to the needs of its planters and the sugar industry.*

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February 2024
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