MARSMAN Estate Plantation, Inc. (MEPI) and its agrarian reform beneficiaries (ARBs) have signed a new agribusiness venture agreement (AVA) that would provide workers in MEPI’s banana farm a significantly improved package of land rental, salaries and benefits that are the highest in the industry.

Both the MEPI management and members of the Davao Marsman Agrarian Reform Beneficiaries Development Cooperative (DAMARB) described the amended AVA as a “win-win” solution. The benefits include a signing bonus and retroactive and advance rental payments for each ARB-signatory amounting to P105,000 as well as a regular monthly income for each ARB.

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