Mighty Corp provides farmers sure market

MightyCorporation or Mighty Corp, one of the country’s local producers of low-priced cigarettes, has provided farmers in Pangasinan and the Ilocos provinces a sure market of tobacco products this year.

National Federation of Tobacco Growers and Cooperatives (NFTGC) President Mario Cabasal expressed g relief after learning that Mighty Corp has made commitments to initially buy at least 10 million kilograms of tobacco leaves at an average price of P70 per kilo and buy all the excess tobacco leaves that farmers could not sell to other buyers.

Cabasal pointed out, “We limited to minimum areas fields planted to tobacco last year in anticipation of depressed demand due to the scheduled implementation of the sin tax. Good thing, some farmers were able to sell part of their low-grade harvests to Mighty Corp last year.

He added, “Now that we are assured of an alternative market, besides other tobacco companies, our members will again be inspired to devote larger areas to the cultivation of Ilocandia’s most important cash crop.”

It was reported that many farmers in the Ilocos Region shifted to planting yellow corn, the only other cash crop that thrives in dry land where rainfall is scarce during the summer months fearing that tobacco prices and demand for the yellow leaf would dive as a result of the new excise tax law on cigarettes.

Cabasal also pointed out, “With Mighty Corp’s assurance that the company will buy all the unsold tobacco harvested by farmers, we can also be sure that unlike in the past, prices will stay high even after the holiday season. Price cut downs on harvests after the Holy Week was an old practice of middlemen from Ilocos Norte to Pangasinan.”

Mighty Corp provides production boost to farmers

Mighty Corporation or Mighty Corp, the only wholly Filipino-owned cigarette company announced it would double its purchase of tobacco from five million to 10 million kilos this year, which is expected to boost the income of farmers in the country.

National Federation of Tobacco Farmers Association and Cooperatives (NAFTAC) President Mario Cabasal said that the good news of Mighty Corporation is seen to break the farmers’ dependence on giant tobacco companies, who enter into contract with farmers to make them plant high nicotine varieties.

Bulacan-based Mighty Corp, a company owned by the Wongchuking family, produces low-priced brand of cigarettes, which are popular among the masses. The company recently provided 83 units of water pumps and 16 hand tractors to local farmers.

Early this year, the company signed partnership agreements with farmers at a hotel in La Union to seal its commitments of assistance to farmers. The deal also includes providing 100 college scholarship for children of tobacco farmers in La Union.

Mighty Executive Vice President Oscar Barrientos said the company will compete with the giant tobacco companies in the purchase of tobacco, which they needed as cigarette filler. This of course will be a good boost to local farmers production output.

Meanwhile, National Tobacco Administration Administrator Edgardo Zaragosa, said that the entry of Mighty Corp in the market is good because competition in tobacco trading will help farmers, especially if the price is right.

Mighty Corp assures farmers of increased leaf purchases

Bulacan-based cigarette manufacturer Mighty Corporation or Mighty Corp has given farmers in the Ilocos Region and Cagayan Valley a bright hope of a brisk sale of tobacco leaves this year following a bumper crop.

Mighty Corp Executive Vice President and Spokesman Oscar P. Barrientos assured the local farmers of the good news amid reports that the company’s share of the domestic market has dramatically risen from five percent in 2012 to 20 percent last year.

Barrientos pointed out, “We have earned our fair share of the market by making quality but affordable cigarettes that were smartly packaged, creatively and ingenuously sold to the mass market. That is the secret of our success in breaking the cigarette monopoly in this country and we are mighty proud of our modest success coming from a home-grown and Filipino-owned cigarette company.”

He also added that with a bigger share of Mighty Corp in the market today, the company is giving the tobacco farmers a fair shake of our success by offering competitive prices to their crops to ensure a good future for them and their families.

Barrientos stressed that Mighty Corp, the only wholly Filipino-owned tobacco company, has consistently championed the cause of the Filipino tobacco farmers by buying a larger share of the low-grade tobacco leaves at a good prices through the years.

It was reported that this year alone, Mighty Corp has bought even the low-priced tobacco leaves. Had the company not done that, it would have created a great economic dislocation for tobacco farmers in the country.