Riceland Paradise Multi-Purpose Cooperative (RIPAMCO) was an idea brought into existence by the former Barangay Captain of Benliw, Honorable Roberto Cuyacot in the year 2003. The existence of the cooperative is solely for the purpose of creating livelihood program for the locality. The locals primarily engaged in farming (rice, root crops, vegetables) and very few into Livestock. With this purpose in alleviating poverty and creating another source of income aside from farming of which is very dependent on nature’s condition to get a good harvest, thus the Cooperative comes in.
It was registered with the Cooperative Development Authority last January 2004 to legally operate and engaged in the business, elected seven (7) Board of Directors and fifteen (15) committee members. Equipment rentals and financing of farmers’ inputs like fertilizers and pesticides as loans paid during harvest are the main income generators of the Cooperative. It was quite a challenge for the first year since the revenue we envision to give us full return did not pay off, plus the management of the cooperative was difficult for the first-timers.
With the learning from the training given by some of the government agencies (e.g. Department of Agrarian Reform, Philippine Carabao Center, etc.), we have elected new set of officers to run the Cooperative for further development. Changes already take place after the new set of trained officers sit into office. More training was made available and projects were coming in that made most of our members interested to invest in our cooperative.
Going forward in the realization of our mission to create more jobs in the field of agriculture through cooperative funding and alleviate poverty in the rural areas, we are thankful we passed the evaluation of the Land Bank of the Philippines to get their sponsorship for agricultural developments. Further to the planting of Cacao Trees, the Department of Environment and Natural Resources (DENR) gave us quota to plant 61 hectares, and last year, we made it to 68 hectares. We are aiming of planting Cacao trees to more or less five hundred hectares. We boldly affirm to have the wheeled tractor on the operation so that Land Bank will support and finance us on Cassava and Corn Production to supply the Corn Mill and Cassava Assembler of BMEG – Cebu Operations.