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.
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