BOHOL | June 09, 2022 – Bohol Farmers Multi-Purpose Cooperative (BOFAMCO) Chairman Exequiel Bahalla, BOD Isidrita Bernante, and Treasurer Melva Cruisit met with FPA Deputy Executive Director for Fertilizer Dr. Myer Mula, Planning Officer Atty. Errol John Ramos and Regional Officer Arnulfo Arausa, Jr. to discuss the possibility of importing fertilizers directly from international producers and suppliers to cut the cost of farm inputs due to rising prices of inorganic fertilizer.

BOFAMCO is a multi-million cooperative with total assets of Php 46 million serving 234 members covering 520 hectares of irrigated rice area.

The requirement checklist for the application as importer would be provided to the cooperative by FPA. “We will help link the cooperative to possible suppliers, but prior to that, you must first secure all the requirements. I also advise you to study and fully understand the business model of importing fertilizers,” Dr. Mula said.

Farmers’ Cooperatives and Associations (FCAs) are granted tax-free importation of farm inputs, including fertilizers, under Sections 108 to 110 of the Republic Act 8435 or the Agricultural and Fisheries Modernization Act of 1997. ###