The Biao Agrarian Reform Beneficiaries Cooperative (BARBCO), established in 1992 by former employees of the defunct Philippine Cocoa States Corporation, has grown into a prominent agriculture player engaged in cocoa production, marketing, and chocolate production. To date, it has 41 regular members and 215 associate members.
BARBCO faced challenges in establishing a sustainable business on the 200 hectares of land awarded to them as Agrarian Reform Beneficiaries. However, with the support of the Land Bank of the Philippines, they successfully ventured into the cacao value chain in 2016.
The partnership with Landbank streamlined the process of securing financial assistance whenever they needed it.
“Because of this long-standing relationship we have with Landbank, it was easier for us to process documents for the assistance we need,” said General Manager Ocial.
BARBCO processes cacao beans into chocolate products and has expanded its reach with the help of Landbank, which is now serving farmers in various locations. The cooperative ensures fair compensation for its farmer members. It has gained attention from international food corporations for its commitment to equitable pricing.
“As a cooperative, we are like a channel of the support of Landbank. So whatever we get from Landbank, we provide it to our farmer members by making sure that we give them the best price for their cacao beans,” explained Ocial.
BARBCO and Landbank’s partnership drives inclusive growth and prosperity in Davao’s agricultural landscape and beyond.
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