AN INVITATION FOR A MULTI-PARTITE PARTNERSHIPvalenciachamber.weebly.com/uploads/7/5/2/9/7529409/... · AN INVITATION FOR A MULTI-PARTITE PARTNERSHIP Palm Oil Development Proposal

AN INVITATION FOR A MULTI-PARTITE PARTNERSHIP

Palm Oil Development Proposal

Development of Oil Palm Plantations and Oil Mills in Bukidnon

Contents

An Overview of the Palm Oil Industry

Bali Oil – The Project Proponent

Projects Being Undertaken by Bali Oil

Proposal for a Multi-Partite Partnership

Moving Forward

Palm Oil Development Proposal 2

Why Plant Oil Palm?

High value crop easy to plant and to maintain

3

Long productive lives (30 years)

Harvest of Fresh Fruit Bunch (FFB) all year round


Why Plant Oil Palm?


Highest Yielding and Lowest Land Use (compared to other vegetable oils such as soybean, sunflower and rapeseed)

Starts yielding fruits in 3 years. 25-30 yrs economic lifespan.

High yield per hectare of 20-30 MT of Fresh Fruit Bunch (FBB) or 4-5 MT crude palm oil (CPO) and 0.5 MT of kernel oil (10 x more than soybean)

COMPARISON WITH OTHER HIGH VALUE CROPS (HVC)


Comparison with other High Value Crops (HVC)

6

An environmentally friendly crop – fewer pest and disease problems, so less pesticide usage. Uses less fertilizers and less herbicides for weed control

Does NOT heavily deplete soil nutrients (Phosporous, potassium, nitrogen) like sugarcane, cassava and pineapple.

More frequent and higher incomes for farmers – harvests of fruits every 10-15 days.

Easier harvesting and post-harvest handling – pluck the fruits and deliver to truck haulers. No shelling, drying, packaging


Comparison with other High Value Crops (HVC)

7

Least affected by climate change (e.g., drought)

Help mitigate climate change - through the reduction of greenhouse effect . Help to reforest denuded hills.

Additional revenues from carbon credits

Negligible pilferage and stealing vs mango,

coconut and rubber


COMPARATIVE COST AND RETURNS OF HIGH VALUE CROPS (HVC)



Comparative Cost and Returns of High Value Crops (Per Hectare)

Source: Dept of Agriculture (Bureau of Agricultural Statistics), Dept of Trade, Pioneer Seeds, Nestle

PALM OIL CORN POTATO COFFEE PINEAPPLE

(Hybrid) (White) (Robusta) Fresh Roots Dried Chips

Initial Investments:

Gestation Period (Years) 2-3 6 mos 3 mos 1 8-12 mos 8-12 mos 12 mos

Number of Croppings per year Year round 2 2 1 1 1 1

Crop Lifespan (Years) 25-30 6 mos 3 mos 50 years 8-12 mos 8-12 mos 12 mos

Investment (Per hectare) 120,000 35,182 X 2 194,184 82,000 28,000 42,250 66,372

(Peak Period) Year 9-20 Year 1 Year 1 Year 3-8 Year 1 Year 1 Year 1

Average Yield Tons 25-30 15.6 40 0.70-1.4 25 10 13530 kg

Farmgate Price Per kg (2 yr ave) 5.75 10.8 10 70 2.25 8.50 6.86/kg

Gross Income 172,500 168,480 400,000 98,000 56,250 82,500 92,816

Less: Production Costs 47,891 92,960 194,184 27,000 28,000 42,250 66,372

124,609 75,520 205,816 71,000 28,250 40,250 26,444

FINANCIAL HIGHLIGHTS CASSAVA

Net Income

AN OVERVIEW OF THE PALM OIL INDUSTRY


11

Country Production (Mt) Yields(T/ha) Mature area (M ha)

2008 2009 2010 2011 2008 2009 2010 2011 2008 2009 2010 2011

Indonesia 19,40 21,00 22,20 23,90 3.90 3,91 3,87 3,92 4,98 5,37 5,74 6,09

Malaysia 17,73 17,57 16,99 18,00 4,55 4,38 4,11 4,26 3,90 4,01 4,13 4,23

C&S America 2,31 2,40 2,31 2,51 3,00 2,93 2,66 2,70 0,78 0,82 0,87 0,93

Other countries 4,13 4,30 4,35 4,31 2,24 2,17 2,09 2,12 1,84 1,98 2,08 2,16

Total World 43,54 45,27 45,85 48,98 3,79 3,72 3,58 3,65 11,50 12,18 12,82 13,41

Source: Oil World

2011 Total World Production: 49 million MT Indonesia produced 24 million MT (48%) Malaysia produced 18 million MT (36%)

Global Palm Oil Production


US$ 53 Billion market for palm oil in 2011

2011 global production of Total 49 million tons

World Prices (US$ Per MT)


2000 2010 2011 2012 2013 2014 2015 2016

310 901 1100 900 850 810 800 782

Source: World Bank

Price of Palm Oil (US$ per Metric ton)

Oil mills produce crude palm oil (CPO), palm kernel oil (PKO) from Fresh Fruit Bunch (FBB)

Oil Palm Tree Products & Uses

13 Palm Oil Development Proposal

Plantation Fresh Fruit Bunch (FBB) (10-40 kg)

Palm Nut (6-10 grams)

Crude Palm Oil

Pericarp: outer oily flesh (CPO)

Endosperm: oil rich kernel (PKO)

Oil Palm Tree Products & Uses


Palm Oil Is Versatile

Cheapest traded edible oil with food and no-food uses

Examples of food uses:

Cooking oil Shortening Margarine Cocoa butter substitute Key ingredient in instant noodle production

Examples of non-food uses:

Oleochemicals Biodiesel Power generation

Palm Oil Is Healthy

Cholesterol free, no transfat acid. (no hydrogenation when used)

High carotene content:

15X higher than carrots 50X higher than tomatoes

Balanced composition of saturated and unsaturated fatty acids.

Saturated acids (40%) Monosaturated acids (40%) Polysaturated acids (10%)

Contains Vitamin E

15

Palm oil Food & Non-food Uses



Best Oil Palm Growing Regions

5⁰

5⁰

0⁰ 0⁰ Plantable Areas

Prime Areas


Best Oil Palm Growing Regions

10º

10º

0º

10º

15º Oil Palm spreading to dryer areas up to 15⁰ of equator using drought tolerant hybrid seeds

18

Physical Conditions for Oil Palm

Plantable = + / - 10 degrees off the equator

Prime Areas = + / - 5 degrees off the equator

Agro-Climatic Conditions

Temp range of ~24 – 32º C throughout the year.

Ample sunshine (~5-7 hours a day)

Evenly distributed annual rainfall (2000 mm)

Soil pH , 7.5; Relative humidity ~ 85%

Ideal Soil: flat, heavy, water retaining alluvial soil


IDEAL LOCATION: Advantages of Mindanao

Closer to Equatorial Line than Luzon and Visayas

Availability of suitable land for Oil Palm

Favorable agro-climatic conditions

Familiarity of farmers to out-growership

BIMP-EAGA initiative


Potential Land Areas for Oil Palm

20 Palm Oil Development Proposal Source: PPDCI (June 2013)

LOCATION POTENTIAL AREAS (Ha)

1. R-IVB Palawan 16,300 (1.68%)

1. R-IX Western Mindanao 102,000 (10.6%)

2. R-X Northern Mindanao 154,000 (16.1%)

3. R-XI Southern Mindanao 104,000 (10.8%)

4. R-XII SOCSARGEN 112,000 (11.7%)

5. R-XIII CARAGA 384,000 (40.0%)

6. ARMM 103,000 (10.7%)

TOTAL 975,300 (100.0%)

Areas Planted to Oil Palm @2012


Source: PCA, Oil Mills and PPDCI (June 2013)

Palm Oil Mills as of 2012

22 Palm Oil Development Proposal Source: PPDC (June 2013)

PCA-Accredited Oil Palm Nurseries 2012

23 Palm Oil Development Proposal Source: PPDC (June 2013)

Packaging and branding of food and non-food products

Cooking oils Margarine Shortening Ice cream, non-

dairy cream Confectionery Candles, soap Animal feeds

Refining Fractionation Oleochemicals Esterification Oil storage RBO palm oil RBO palm olein RBO palm stearin RBO PK olein RBO PK stearin Palm fatty acid Cocoa butter

equivalent, subs

Trading CPO bulking

Crude Palm Oil Palm Kernel Crude Palm

kernel oil Palm kernel

cake

ACTIVITIES

Seed Production Nursery Cultivation Harvesting Oil Milling

PRODUCTS Palm oil seeds Fresh fruit

bunches Crude palm oil Palm kernel Biomass (FFB,

kernel shells) Oil mill effluents

Palm Oil Industry Supply Chain

24

CONSUMER PRODUCTS

DOWNSTREAM PROCESSING

MIDSTREAM UPSTREAM


DOWNSTREAM PROCESSORS

Asian Plantation Phils Inc.

Mina Oil Mill Corp.

Oleo Fats Inc.

Pacific Oil Products

RFM Corporation

Universal Robina Corp.


DOWNSTREAM USERS

Food Manufacturers Nestle’

RFM

URC

Non-Food United Chemicals

Malabon Soap

Trigon Link


Philippine Palm Oil Demand and Supply Gap

(As of 2010)

Demand = 293,000 Tons

Supply* = 34,000 Tons (11.6%)

Imports = 259,000 Tons (88.4%)

Est. Annual Demand Growth = 10%

27

* 2010 supply is a decline from a 2000 high of 54,000 tons due to old maturing trees


Demand and Supply Gap (As of 2010)

Source: Dept of Agriculture 2009 Powerpoint Presentation 28 Palm Oil Development Proposal

YEAR PRODUCTION DEMAND IMPORT(Tons) (Tons) (Tons)

2000 54,000 113,000 59,000

2001 52,000 124,000 72,000

2002 50,000 136,000 86,000

2003 48,000 150,000 102,000

2004 44,000 165,000 121,000

2005 46,000 182,000 136,000

2006 42,000 200,000 158,000

2007 40,000 220,000 180,000

2008 38,000 242,000 204,200

2009 36,000 266,000 230,000

2010 34,000 293,000 259,000

2020 34,000 601,000 567,000

AGRICULTURAL TRENDS IN SOUTHERN BUKIDNON


Challenges Faced by Bukidnon Farmers

Coffee – Very stringent quality requirements of a

multinational company resulting in low buying prices

or reduced volumes bought.

Pineapple – High fertilizer inputs and low prices

offered by buyers. Contract growers are losing.

Banana – Growing opposition to toxic spraying

High depletion of soil nutrients (sugar, cassava

and pineapple)


Trends in Bukidnon Agriculture

By 2015, tariff of imported sugar will be 5%.

Flooding of cheap sugar imports expected.

Some sugar planters have started to convert

their land to oil palm (1,200 hectares already

converted).

Farmer Coops and independent planters have

signified converting to oil palm. Availability

of seedlings and financing are essential.


32

Potential areas for oil palm

Kalilangan: 17,000 Has

Pangantucan: 17,000 Has

Talakag: 30,000 Has

Maramag: 20,000 Has (sugar)

10,000 Has (Corn)

Quezon: 20,000 Has

Don Carlos: 13,000 Has

Valencia: 20,000 Has

Agricultual Areas in Bukidnon

Total Areas Planted (Major Crops)

Corn 194,000 has (51%)

Sugar 62,000 has (17%)

Palay 60,000 has (16%)

Pineapple 20,000 has (5%)

Coffee 11,000 has (2.5%)


SWOT ANALYSIS (STRENGHTS, WEAKNESSES, OPPORTUNITIES & THREATS)


34

SWOT ANALYSIS


STRENGTHS

Strong local and global market for palm oil (293,000 tons worth US$234 Million and 49 million tons worth US$53 billion respectively)

Oil palm is highly competitive with other High Value Crops (high returns, suitability, ease of planting and maintenance)

Available large areas for oil palm in Bukidnon

Oil palm is a forest tree species that can be part of National Greening Program

35

SWOT ANALYSIS


Weaknesses

Limited local supply of local FFBs (aging oil palm trees in Agusan and few oil mills)

Lower priority by Dept of Agriculture and Phil Coconut Authority in terms of Policy, incentives, infrastructure and financial support. The private sector is driving the development of oil palm.

Absence of oil mills near potential areas of oil palm plantation areas

36

SWOT ANALYSIS


OPPORTUNITIES

Create an integrated, sustainable poverty alleviation and livelihood programs in Bukidnon

Through the development of an oil palm plantation intercropped with hybrid corn (first four years) and other high value crops thereafter (potato, squash) and/or livestock raising (goat, cattle, carabao,)

Involving Coops (CARP beneficiaries), Indigenous Peoples and groups awarded by DENR with ISF or CBFMA and by NCIP with CADTI and rebel returnees

And supported by Bali Oil, Landbank, DAR, DENR, DAR, DND, OPPAP CDA and LGUs

37

SWOT ANALYSIS


OPPORTUNITIES

CONTRACT GROWING PARTNERSHIP WITH BALI OIL

For sugar planters

Oil palm will mitigate the impact and effects of the reduction of sugar tariff in 2015.

Oil palm intercropped with hybrid corn will

provide new sources of income

For farmers, Coops of other high value crops

Sustainable sources of high income from intercropped high value crops

38

SWOT ANALYSIS


OPPORTUNITIES

For Bali Oil

Develop its own oil palm plantation and sign Growership contracts with Coops and farmers of other high value crops Bukidnon

Construct oil mills near areas where it has Growership contracts with farmers

39

SWOT ANALYSIS


OPPORTUNITIES

For Lending Institutions

DBP or Landbank to provide financing to support

Farmers, Groups, IPs with sustainable livelihood programs for poverty alleviation and reduction

Rural and countryside development

The value chain in food supply and security

40

SWOT ANALYSIS


THREATS

Competition from other vegetable oils (coconut)

Peace and order, land claimants and illegal settlers.

Impact of Climate Change (drought, typhoons, abnormal rainfall)

THE PROJECT PROPONENT


BALI OIL: The Project Proponent

Bali Oil developed 200 hectares of palm

oil plantation in Balingasag, Misamis Or.

Rolling hills, 100-400 meter elevation

and moderate climate

The plantation’s average yield is 30 MT

FFBs per hectare or 6,000 MT per annum

Annual revenues Php 42 million.



Palm Oil Plantation in Balingasag, Mis OR (200 hectares)


44



Bali Oil Palm Plantation in Balingasag, Mis Oriental


Bali Oil has the experience and track record

in developing a high yielding oil palm

plantation. It has the technical team to

provide technical training and services

To implement a 48-60 month plantation

development program (Malaysian

technology).

To operate a nursery to ensure quality

seedlings are provided to farmers



Bali Oil has strong alliances and partnerships

with Pioneer Hybrid to provide and to finance

the seeds for Hybrid Corn to be used as

intercrop in the first four years of the

gestation period of oil palm

Bali Oil has an affiliate, PASSI, a strong

partner of a fertilizer company to provide

and to finance fertilizers formulated

specifically for oil palm and corn.


BALI OIL’S CURRENT PROJECTS BEING DEVELOPED


48

Bali Oil Proposal to DND

Bali Oil to develop 5,000 to 15,000 hectares of

Camp Kibaritan, Kalilangan into an oil palm

plantation intercropped with hybrid corn, sweet

potato and squash. Livestock (cattle, carabao and

goat) raising will be done on the 5th year.

Project costs range from Php 600 million to Php

1.8 Billion. An oil mill will be included.

Production sharing scheme (70%-30% of net

income) Bali-DND.



TRIPARTITE PARTNERSHIP PROPOSAL

Grower/Oil Mill

Project Financing

Land Owner

DND

AFP

DND – Department of National Defense

AFP – Armed Forces of the Philippines


50

LOCATION OF CAMP KIBARITAN, KALILANGAN, BUKIDNON

Camp Kibaritan

Cagayan de Oro



CAMP KIBARITAN MILITARY

RESERVATION (42,264 HAS)

Camp Kibaritan, Kalilangan, Bukidnon


Rolling hills and grass lands

Large, contiguous area

One Owner

53

Presentation to Dept of National Defense


HQ, TF Diamond, 4ID, PA

USEC Manalo (DND) AFP & BCDA Bali Oil Team

Bali Oil Team Bali Oil & Phil Army

BALI OIL’S PROPOSAL FOR OIL PALM CONTRACT GROWING BY FARMERS AND COOPERATIVES IN KALILANGAN, BUKIDNON


55

Marketing Oil Palm in Kalilangan (Mar 6)


Bali Oil Team Mayor’s Office Conference Room

Mayor Suyao Brgy Captains, Farmers Bali Oil Presentor

56

Marketing Oil Palm in Kalilangan

Technical Training Technical Training DBP Team

DBP Financing scheme Open forum (Q&A) Open forum (Q&A)


57

Multi Partite MOA (Growership)

Kalilangan Oil

Palm Growers

Association

(Mother COOP)

LGU

Bali Provides tech training, seedlings, Fertilizers

Planters delivers Fresh Fruit Bunch

DBP provides loan funds to Bali for seedlings and Agricultural inputs

Bali divides value of FBB delivered into % to planter and % to DBP (payment of loan)

LGU may pay loan interests of Growers during first 4 years of gestation period.

2

4

5

3

1


(Bali) Marketing

(COOP) Production

(Bali) Buys FBB & collects Loan repayments

(DBP) Financing

BALI OIL (Big Brother)

Multi-Partite MOA (Big Brother Concept)

(CPO)

BALI OIL’S PROPOSAL FOR OIL PALM CONTRACT GROWING BY INDIGENOUS PEOPLES IN CABANGLASAN, BUKIDNON


59

IP Community

Public Sector Perspectives

(LGU, NCIP, IP, OPPAP)

Private Sector Perspectives (Bali Oil/Landbank)

Jesuit Mission

Perspectives

Conceptual Framework Cabanglasan IP

Governance & management training of LGUs, IPs,; Jesuit Volunteers; XU Agri student internships at plantation

Bali Oil: Plantation Devt, Purchase of FFBs, Oil Mill

Bridge, farm to market roads, seedlings, fertilizers, tech services & training, health, education, housing

Landbank: Loans to Coop with CADTI and to Bali Oil for Oil Mill

Umayamnen Tribe

5,000-10,000 Has

CADTI

60

Status of Current Projects of Bali Oil

Proposal to DND/AFP

DND is currently evaluating Bali Oil proposal.

Target signing Q1, 2014

Proposal to Kalilangan Coop and LGU

Ongoing discussions, refinements on terms &

conditions of MOA and the Growership Production

& Purchasing Agreement (GPPA). Target: Q3 2013

Proposal to Cabanglasan LGU

Ongoing discussions with LGU


Future Bali Oil Marketing Initiatives

Schedule of Marketing Activities (Roadshow):

Central Bukidnon LGUs & Coops (Aug, 2013)

o Cabanglasan, San Fernando, Malaybalay,

Valencia

Sugar Planters Associations (Aug, 2013)

Southern Bukidnon LGUs & Coops (Aug, 2013):

o Maramag, Quezon, Don Carlos, Kadilingan,

Pangantucan, Talakag, Kalilangan


HIGHLIGHTS OF THE PROJECT PROPOSALS TO DND AND THE KALILANGAN COOPS AND LGU


63

Project Timetable


Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

MOA SIGNING

NURSERY OPERATIONS

LAND PREPARATION

PLANTING

OIL MILL CONSTRUCTION

OIL MILL OPERATIONS

ACTIVITY2013 2014 2015

PROJECT HIGHLIGHTS

64

Bali Oil Palm shall also establish nursery

stations to develop 10-12 mos old seedlings

of Tenera hybrids.


PROJECT HIGHLIGHTS

Project Components

OIL PALM PLANTATION

Nursery to develop one year old seedlings

5,000 Has expandable to 15,000 has


OIL EXTRACTION MILL

30-Ton per hour capacity 2 shifts

PROJECT HIGHLIGHTS

66

Typical Intercropping

NORTH

SOUTH

EAST WEST

9.2 meters equidistance between palm oil trees (max 137 trees per hectare)

Potato Corn Palm Oil


Oil palm with corn

PROJECT HIGHLIGHTS

67 Palm Oil Development Proposal * Yield dependent on soil conditions or suitability

Year

Low Medium High Low Medium High

1 0 0 0 0 0 0

2 0 0 0 0 0 0

3 0 4 6 0 20,000 30,000

4 5 13 16 25,000 65,000 80,000

5 6 13 24 30,000 65,000 120,000

6 9 20 30 45,000 100,000 150,000

7 12 23 30 60,000 115,000 150,000

8 18 23 35 90,000 115,000 175,000

9 21 25 35 105,000 125,000 175,000

10 23 25 35 115,000 125,000 175,000

FFB Yield (Ton/Ha) Oil Palm FFB Yield (Tons for 5000 Hectare)

Typical Yields of FFBs


Oil Palm Investment Costs

A. Development & Land Preparation (Labor) 1,500

B. Planting

Labor in Planting 6,339

Materials in Planting 41,078

Total Planting Costs Per Hectare 47,417

48,917

PLANTATION MAINTENANCE

A. Materials for Farm Maintenance 7,260 8,499 7890 17,520

B. Labor for Maintenance 3,115 6,647 6900 6,946

10,375 15,146 14,790 24,466

TOTAL ANNUAL COSTS 59,292 15,146 14,790 24,466

DBP LOANS DRAWDOWNS 48,338 8,499 7,890 17,520

TOTAL DBP LOANS PER HECTARE 82,247

TOTAL PLANTATION MAINTENANCE COST

GROWER SCHEDULE OF ACTIVITIES YEAR 1 YEAR 2 YEAR 3 YEAR 4

PLANTATION DEVELOPMENT (One Hectare)

TOTAL PLANTATION DEVELOPMENT COST

For 10,000 hectares = Php 820 Million investment cost


Costs & Returns (per hectare)

* Yield dependent on soil conditions or suitability

Year Price Costs

Low Medium High (Peso/ton) Low Medium High Low Medium High

1 0 0 0 5,000 0 0 0 51,229 (51,229) (51,229) (51,229)

2 0 0 0 5,250 0 0 0 11,009 (11,009) (11,009) (11,009)

3 0 4 6 5,500 0 22,000 33,000 12,753 (12,753) 9,247 20,247

4 5 13 16 5,500 27,500 71,500 88,000 20,743 6,757 50,757 67,257

5 6 13 24 5,500 33,000 71,500 132,000 40,931 (7,931) 30,569 91,069

6 9 20 30 5,800 52,200 116,000 174,000 44,991 7,209 71,009 129,009

7 12 23 30 5,800 69,600 133,400 174,000 44,991 24,609 88,409 129,009

8 18 23 35 6,000 108,000 138,000 210,000 46,731 61,269 91,269 163,269

9 21 25 35 6,000 126,000 150,000 210,000 47,891 78,109 102,109 162,109

10 23 25 35 6,500 149,500 162,500 227,500 47,891 101,609 114,609 179,609

OIL PALM FFB ESTIMATED COSTS & RETURNS (PER HECTARE)Yield (Tons per Hectare) Returns (Php5,000/ton) Net Income


Intercrop Plan During Gestation Period

Oil Palm (medium yield Yield)

Yield (tons) 0 0 4 13 13 20 23 23 25 25

Price (Peso/ton) 5,000 5,250 5,500 5,500 5,500 5,800 5,800 6,000 6,000 6,500

Gross Revenues (Peso 1000) 0 0 22 72 72 116 133 138 150 163

Production Costs (Peso 1000) 51 11 13 21 41 45 45 47 48 48

Gross Margin (Peso 1000) (51) (11) 9 51 31 71 88 91 102 115

Yield (tons) 80% of One hectare 12.5 12.5 12.5 12.5 32 32 32 32 32 32

Price (Peso/kg) 10.80 10.80 10.80 10.80 15 15 15 15 15 15

Gross Revenues (Peso 1000) 135 135 135 135 480 480 480 480 480 480

Production Costs (Peso 1000) 74 74 74 74 194 194 194 194 194 194

Gross Margins (Peso 1000) 60 60 60 60 286 286 286 286 286 286

Combined Total Gross Revenues(Peso1000) 135 135 157 206 552 596 613 618 630 643

Total Production Costs (Peso 1000) 126 85 87 95 235 239 239 241 242 242

Total Net Return (Peso 1000) 9 49 70 111 316 357 374 377 388 400

10

Hybrid Corn White Potato

Per Hectare Per Year

Costs & Return with Intercrop 5 6 7 8 91 2 3 4


Reference: DBP Loan Terms & Conditions

LOAN TO THE COOP AS A GROUP

COLLECTION OF PRINCIPALS & INTERESTS

INTERESTS FROM THE NET PROCEEDS OF

FFBs SOLD BY GROWERS TO BALI OIL

PASSBOOK KEPT BY DBP ALWAYS

DBP LOAN TERMS AND CONDITIONS

TERMS

7-10 YEARS

GESTATION PERIOD

3-5 YEARS

INTEREST RATES

Less than 10%

ONE PASSBOOK ISSUED TO COOP

LOAN AMOUNTS RELEASED TO PASSBOOK

NO CASH RELEASED TO COOP

BALI OIL TO RELEASE AGRI INPUTS

BALI OIL REIMBURSED BY DBP

BALI OIL COLLECTS DUE LOANS &

Note: Interests due during the

gestation period (1st-4th year)

can be paid by the LGU or

capitalized by DBP

BALI OIL’S STRATEGIC AND DEVELOPMENT PLANS IN THE NEXT FIVE YEARS


73

Bali Strategic and Development Plans


Independent Farmers, Farmers’ Coops and

Associations,

Awardees of CADTI, ISF and CBFMA

Local Government Units


Bali Oil Invites You……………

To Participate in an Oil Palm Growership

Program in Partnership with Bali Oil and Lending Institutions (DBP, Landbank)

For interested parties:

Please leave the following information with the

Bali Oil representatives:

o Individual or Organization’s name, address, contact number, location and size of your farm to be included in the Growership Program.

For inquiries and additional information on the Growership Program, or for presentations to

farmer groups, please call or email:

Romy Posadas (0918-9263230) [email protected]

PASSI c/o Manny Boniao ([email protected])

Loloy Donque (0918-9282540)


Moving Forward

mailto:[email protected]

mailto:[email protected]

Palm Oil Development

Proposal 76

IT’S MORE FUN TO PLANT OIL PALM

GO! GO! GO! PALM OIL

77

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AN INVITATION FOR A MULTI-PARTITE PARTNERSHIPvalenciachamber.weebly.com/uploads/7/5/2/9/7529409/... · AN INVITATION FOR A MULTI-PARTITE PARTNERSHIP Palm Oil Development Proposal