LISTED AgriNurture, Inc. (ANI) has collaborated with the National Commission on Indigenous Peoples (NCIP) and the United Bagobo-Tagabawa Tribe to increase rice and maize development in Davao del Sur.
In its regulatory filing on Monday, ANI declared that it had forged a Memorandum of Understanding with NCIP and the United Bagobo-Tagabawa Tribe on an initiative to foster sustainable agricultural and economic development in the town of Bansalan, Davao del Sur.
Under the arrangement, the business would seek land productivity by investing in the production, activity and management of rice and maize plantations in Bansalan.
“All jobs and labor requirements of the project shall derive predominantly from the United Bagobo-Tagabawa Tribe. NCIP shall track and review the conformity of the parties with the terms and conditions of the Memorandum of Understanding,” specified the disclosure.
The Reunited Bagobo-Tagabawa Tribe would earn an annual royalty fee and an annual net benefit share of the enterprise, the company said.
Meanwhile, ANI said it will establish other health, skills growth and alternative livelihood services as assistance to the communities in the region.
It added that the parties to the deal, along with other related national government departments, will carry out tree planting activities covering at least 2,000 hectares of property.