Besides strongly supporting rice growers with seeds, fertilizers and modern cultivation practices, a multi-sector agricultural company in the Mekong Delta province of An Giang also launched a special program to allow farmers to be its shareholders.
An Giang Plant Protection Service JSC (AGPPS) has officially implemented its plan to issue 2.48 million shares at preferential prices for farmers in the Mekong Delta.
Some 6,000 farmers who are participating in a rice growing program run by AGPPS will be allowed to buy the shares at VND30,000 each, half of the real rate.
“By buying AGPPS shares, these farmers will become the shareholders and new owners of the company, which will enable them to benefit more from its production chain value,” AGPPS chairman and CEO Huynh Van Thon told Tuoi Tre.
With a total registered capital of VND621 billion and more than 3,000 employees, AGPPS is currently the leading producer and supplier of plant seeders and pesticides, and one of the top rice processors and exporters of the country.
In 2010, AGPPS launched a modern rice growing program called “model large rice field,” in which it provided farmers with seeders, fertilizers, and pesticides at a zero interest rate and promised to buy all of their harvest at market rates.