The Board of Investments Extension Office in Davao City granted incentives to the coffee farm of Pistacia Mindanao Coffee Export Inc., the first micro and small enterprise approval under the export activities of the 2017 Investments Priorities Plan.
The P1-million project aims to produce fermented coffee and cacao beans with a capacity of 2.25 metric tons and 750 kilograms a year, respectively, all for export to Japan. Pistachia Mindanao is an 80-percent Japanese-owned company.
The firm will engage coffee growers under a contract agreement and provide technical assistance in terms of growing, sorting and harvesting.
The company specializes in producing high-quality agricultural crops, especially fermented coffee and cacao beans secured from smallholder farmers..
The project also aims to increase and sustain farmers’ yields, income and eventually improve their quality of life.
The project is located in Barangay Managa, Bansalan, Davao del Sur. Commercial operation is set to begin this month.