The Board of Investments (BOI) has approved the application for registration of RCB Poultry Farm in South Cotabato for tax incentives purposes.
The RCB project with P118.5-M investment aims to lessen the risk of chicken supply disruption and manage meat inflation. It has an annual capacity of 3.36 million kilograms of broiler chicken.
The BOI cited the operation of the farm in light of the threat of supply disruption should Region 12 and its nearby regions were to be affected by the bird flu, as the localized source of chicken or chicken meat entails less biosecurity risk.
“This innovative broiler chicken farm project has proven that we in the Board of Investments have offered relentless support to the country’s poultry sector. We are making headways happen already, as we will continuously pursue our goal of attracting more investments,” said Trade and Industry Secretary Ramon Lopez, who is also BOI chairman.
The firm will utilize modern technology for poultry growing, providing the optimal poultry farming environment that is beneficial to the growth and health of broiler chicken and can save costs for feeds, water, and energy.
Endorsed by the Department of Agriculture (DA), the proposed project involves the production of broiler chicken under a contract growing agreement with a large food corporation. Further, the project will reduce the need to import chicken given global supply disruptions and biosecurity risks.
Chicken meat is considered one of the basic commodities of Filipinos, as it is the second most-consumed meat-type after pork, based on the Supply Utilization Accounts of the Philippine Statistics Authority (PSA) on Livestock and Poultry.
The project is forecasted to swell the region’s chicken production by 1.21 percent to 2.71 percent. While there is no seen shortage of chicken meat this year, according to the DA, the local production needs to reach at least 1.34 million metric tons to achieve at least 90 percent local self-sufficiency.