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Feb 26, 2017 @ 10:48

JAZA pledges P672M to support Pinoy rice farmers

Jaime Augusto Zobel de Ayala met with Agriculture Secretary Manny Piñol last week to offer the Ayala conglomerate’s support for Filipino farmers.

When Zobel asked Piñol how he could help, the agriculture secretary said he can begin by buying the rice subsidies for employees in the Ayala group directly from farmers.

“We can do that. Who do we coordinate with,” was Zobel’s quick reply. Piñol said he was handling the program himself and that Ruel Maranan from the Ayala Foundation can coordinate with him directly.

By Thursday, the Ayala group was already asking the details of how to buy rice directly from local farmers.

Companies that provide rice to its employees as part of their benefits usually give them a sack of rice a month.
The lowest priced rice in the market is around P2,000 a sack.

Ayala Corp has a little over 100 employees but the BPI group has over 14,000 employees. Globe Telecom has almost 7,000 employees, Ayala Land has almost 500 employees, IMI has over 6,000 employees in the Philippines, and Manila Water has over 1,300. The Ayala Group would have around 28,000 employees.

Assuming the rice subsidy is one sack a month, the Ayala group spends at least P56 million a month for its employees. In a year, that would amount to P672 million.

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