The Philsaga Mining Corp. here has launched a P5.5-million rubber and banana plantation to help farmers augment their income from this land-lock province.
The local government unit and tribal leaders lauded the environmental and livelihood concerns of PMC management under its president Retired Army Col. Samuel G. Afdal.
The P2.78-million rubber plantation project, which covers about 150 hectares, requires the planting of at 500 budded rubber per hectare by about 1,000 indigenous people (IP).
Initially, at least 10,000 budded rubber RRIM 600 variety are currently stored at the company's nursery area ready for planting.
Agricultural experts recommended the RRIM 600, with a cost of P1.88 million, as the suitable species for Agusan lands.
Land preparation is now on going while the firm's P420,000 technology training program has also been set anytime next month.
Land preparation, planting and maintenance cost amounted to P2.3 million. - PNA
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