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Van Phuoc Agriculture Co., Ltd and Cat Hanh No.1 Agriculture Cooperative established a high-quality rice productive partnership under the WB-funded Agriculture Competitiveness Project. The partnership is expected to foster the cooperation between farmers and agribusinesses.
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The farmers work on their rice fields. Photo V.L
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Binh Dinh has nearly 120,000 hectares of rice paddies, generating a total output of over 550,000 tonnes of rice per annum, according to the statistics released by Department of Agriculture and Rural Development.
About 200,000 tonnes of are sold to other provinces nationwide every year. According to economic experts, the farmers in Binh Dinh are able to earn hundreds of billion of VND per year if they sell high-quality rice.
Most districts which are known as the hubs of rice production own many favourable conditions to produce high-quality rice; however, it’s still necessary to build rice productive partnerships between farmers and agribusinesses for effective production and consumption of rice.
The Van Phuoc Agriculture Co., Ltd and Cat Hanh No.1 Agriculture Cooperative coordinated to establish a high-quality rice productive partnership, aiming to meet the ever-increasing demand for rice. The cooperation is also expected to bring the mutual benefit to both farmers and businesses.
194 farmer households in two hamlets of Vinh Kien and Vinh Truong joined the partnership. Van Phuoc company will offer 40 percent of total expenses to the farmers, helping them buy agricultural facilities.
The farmers will have more favourable conditions to cultivate their rice fields effectively and safely. The company will then buy rice with higher price.
Joining the partnership, farmers will be financially supported and assisted in applying advanced technologies. Also, their production will be also underwritten. They will have more preferential conditions to improve the key facilities for rice production while the businesses will have a stable source of high-quality rice.
The rice productive partnership is a long-term cooperation in producing and consuming rice. It is also a driving force to quickly apply technological and scientific advances in the rice production, according to the company’s director Bui Quang Vu.
As for the farmers, the new productive partnership will help them improve the quality of rice and, as for businesses, they will be able to buy high-quality rice and enhance their competitiveness.
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