Sunday, July 14, 2024

SEC Lifts Advisory on DV Boer Farms on their Paiwi program

SEC Lifts Advisory on DV Boer Farms on their Paiwi program

How do you feel about this story?



Vindication is such a sweet victory! This could sum up the general sentiment of DV Boer, a successful goat farm and agribusiness enabler when the Securities and Exchange Commission (SEC) lifted the advisory on their Paiwi program.

“This will exonerate DV Boer in the eyes of our partners, investors, believers, supporters and the general public because no less than the SEC, the government agency tasked to oversee big businesses, has already cleared us without any exceptions. Our Paiwi program was designed to genuinely help boost Philippine agriculture thru organized livestock raising says Dex Villamin, the charismatic founder and president of the company established in 2014.

In the order, the SEC clearly stated that “in view of the foregoing, the above-captioned case is now deemed settled without any determination of guilt or fault on the part of DV Boer Farm International Corporation.”

It will be recalled that the SEC warned against the “Paiwi” program of the company back in April 2019 through an advisory. Paiwi is a widely-accepted Filipino backyard farming wherein a person who owns livestock i.e. pig, chicken, goat, cattle, hires a neighbor or close associate to grow and nurture it until such time that is it ready to be sold, milked for its egg/offsprings or slaughtered for its meat.

DV Boer offered the unique Paiwi business program to help traditional poultry farms and livestock growers to earn more and develop their farms into efficient, profit-oriented ventures. Aside from helping them earn more and produce more, DV Boer also educates them on how to run the business properly by providing new technology and best practices.

Villamin said that his main advocacy is really to uplift the lives of the farm owners and bring Filipino agribusiness to global standards. He says he can live comfortably with all the earnings from his farms and other business ventures but still conceptualized this unique program to help his co-farm owners and operators.

“With this great development, we can now start the cleansing process of our once proud brand that would lead to the recovery of our business for all our employees, stakeholders and communities,” Villamin further stated.

DV Boer is hard to put in coming up with the funds needed to keep the business going since the advisory took effect. Their bank accounts were closed due to the SEC advisory. And the banks did not accept new accounts in the name of the company, naturally, their operations were greatly affected by these developments. This was aggravated more when Taal volcano erupted in early January. Most of their partner farms located in Batangas cannot collect free forage around the area due to ashfall.

“As you can see, despite these major obstacles, we still plodded on and fought for our principles and advocacies. And our hardships have not gone for naught after this SEC ruling. Now our main concern is not only to revive the business but to grow it and to continue to fulfill our obligations to our partners, people, and communities. We promise our stakeholders that we will continue to enhance and speed up our operations and livestock production through the application of new technologies,” Villamin said emotionally.

Villamin also thanked all of their partners for continuing to believe in DV Boer despite these setbacks and promised to use these roadblocks as stepping stones to better the business. DV Boer initially started as a successful breeding farm in Batangas of high quality, full blooded Boer goats from Australia. Its early advocacy was to educate and assist small farmers in goat farming. It grew because of its commitment to excellent farming technologies and world-class best practices. The company launched the GOAT PROGRAMFOR BEGINNERS which teaches anyone about the rudiments of goat farming and how to be successful at it. It was recognized as the first commercial goat stud farm.

For more info and queries, you may reach 0906 375 8260 or 0956 945 4775.