After months of challenges after the Securities and Exchange Commission (SEC) issued an advisory against the Paiwi program of DV Boer Farms, Dexter Villamin happily faces farm owners, shareholders, and the media to present a positive development with the issue.
Just recently, the company has finally cleared itself from the advisory after months of legal collaboration and compliance, it has now been cleared and operations can again resume on all affected farms. However the advisory has already affected the company and its sub-farms all over the country.
Paiwi is a widely-accepted Filipino backyard farming wherein a person who owns livestock i.e. pig, chicken, goat, cattle, hires a neighbor or close associate to grow and nurture it until such time that is it ready to be sold, milked for its egg/offsprings or slaughtered for its meat.
The SEC considers the livestock as an investment which became the basis of the advisory. However it was also advised along with other networking companies which are highly dubious and some were obviously scams. However since the paiwi program are angriclturaly-based with goats as its product, it was not long that they were able to comply with the requirements of the SEC after legal and practical explanations.
Paiwi is a widely-accepted Filipino backyard farming wherein a person who owns livestock i.e. pig, chicken, goat, cattle, hires a neighbor or close associate to grow and nurture it until such time that is it ready to be sold, milked for its egg/offsprings or slaughtered for its meat.
"This will exonerate DV Boer in the eyes of our partners, investors, believers, supporters and the general public because no less than the SEC, the government agency tasked to oversee big businesses, has already cleared us without any exceptions. Our Paiwi program was designed to genuinely help boost Philippine agriculture thru organized livestock raising says Dex Villamin, the charismatic founder and president of the company established in 2014.
Paiwi is a widely-accepted Filipino backyard farming wherein a person who owns livestock i.e. pig, chicken, goat, cattle, hires a neighbor or close associate to grow and nurture it until such time that is it ready to be sold, milked for its egg/offsprings or slaughtered for its meat.
"This will exonerate DV Boer in the eyes of our partners, investors, believers, supporters and the general public because no less than the SEC, the government agency tasked to oversee big businesses, has already cleared us without any exceptions. Our Paiwi program was designed to genuinely help boost Philippine agriculture thru organized livestock raising says Dex Villamin, the charismatic founder and president of the company established in 2014.
In the order, the SEC clearly stated that "in view of the foregoing, the above-captioned case is now deemed settled without any determination of guilt or fault on the part of DV Boer Farm International Corporation.'
However the advisory already had repercussions on their businesses as many of the sub-farms went independent as many wanted to distant themselves from being denied by banks and other financial institutions due to the SEC advisory. It also became a financial challenge for DV Boer Farms and remaining sub farms as they were also financially restrained.
"As you can see, despite these major obstacles, we still plodded on and fought for our principles and advocacies. And our hardships have not gone for naught after this SEC ruling. Now our main concern is not only to revive the business but to grow it and to continue to fulfill our obligations to our partners, people and communities. We promise our stakeholders that we will continue to enhance and speed up our operations and livestock production through application of new technologies," Villamin said emotionally.
Another challenge was the recent Tall Volcano explosion which caused ashfall in many parts of Batangas and Cavite where many of the farms are located. This prompted additional expenses to keep livestock alive with fresh food supply purchased compared to the usual grass and local feeds they have.
The farms have a sigh of relief when the advisory was lifted and now can focus in recovering their losses. Dex Villamin shared that it could take a year for them to fully recover and resume all operations. However having it back in operation is what they are very thankful for.
With most farm owners were former OFWs just like Villamin, they share the same vision on uplifting themselves and their respective communities to use the potential of agriculture for progress which in turn can help them economically, uplift their spirits, eliminate poverty and insurgency, and provide jobs.
DV Boer is now on track with their livestock programs focusing on goat raising and husbandry and also plans to set up a breeding center in coordination with the Department of Science and Technology. They are also partners of the Department of Agriculture for goat programs which they also have a beginner course. For more info and queries, you may reach 0906 375 8260 or 0956 945 4775.
DV Boer Farms are still recovering yet full of hope that despite losses, it shows their determination in growing the business and reach out to more Filipinos (and OFWs) to appreciate the value of agriculture and its potential to grow exponentially in the midst of the industrialization of the country.
"As you can see, despite these major obstacles, we still plodded on and fought for our principles and advocacies. And our hardships have not gone for naught after this SEC ruling. Now our main concern is not only to revive the business but to grow it and to continue to fulfill our obligations to our partners, people and communities. We promise our stakeholders that we will continue to enhance and speed up our operations and livestock production through application of new technologies," Villamin said emotionally.
Another challenge was the recent Tall Volcano explosion which caused ashfall in many parts of Batangas and Cavite where many of the farms are located. This prompted additional expenses to keep livestock alive with fresh food supply purchased compared to the usual grass and local feeds they have.The farms have a sigh of relief when the advisory was lifted and now can focus in recovering their losses. Dex Villamin shared that it could take a year for them to fully recover and resume all operations. However having it back in operation is what they are very thankful for.
With most farm owners were former OFWs just like Villamin, they share the same vision on uplifting themselves and their respective communities to use the potential of agriculture for progress which in turn can help them economically, uplift their spirits, eliminate poverty and insurgency, and provide jobs.
DV Boer is now on track with their livestock programs focusing on goat raising and husbandry and also plans to set up a breeding center in coordination with the Department of Science and Technology. They are also partners of the Department of Agriculture for goat programs which they also have a beginner course. For more info and queries, you may reach 0906 375 8260 or 0956 945 4775.
DV Boer Farms are still recovering yet full of hope that despite losses, it shows their determination in growing the business and reach out to more Filipinos (and OFWs) to appreciate the value of agriculture and its potential to grow exponentially in the midst of the industrialization of the country.
.jpg)
No comments:
Post a Comment