Joseph Calata on Investing in Agriculture
At such a young age, Joseph Calata, the CEO of one of the Philippine's biggest corporations, has already fulfilled his dreams because of his business. The million-peso revenue worth industry started out as a small industry of feeds, fertilizers, and agricultural products distribution in Plaridel, Bulacan.
This young millionaire had to climb his way up the peak of success a step at a time. He then worked as a clerk for their business, which was named J. Melvin. After proving his worth in 2004, he took control of the company. He expanded the company's distribution to Central Luzon and Pangasinan, which generated P508 million that year.
The next years were even brighter for Joseph Calata, as he led the company to much broader heights by assimilating technology and research in agriculture. Four years after he took the post, the company's revenues easily rose to P806 million, a billion in 2007 and reached P1.6 billion in 2008. He was pronounced the country's youngest CEO in 2009, after the company reached P1.8 billion revenues, which was featured in BizNews Asia and Business World's Top 1000 Corporations. High-efficiency poultry farming, private airplane leasing, and trucking are the other industries ventured by the corporation. At present, it employs 200 workers.
He emphasized his belief during an interview with People Asia Magazine that empowering the agricultural sector would empower the deprived sector of the Philippines. "While it may not be the most alluring of sectors for businessmen, I believe agriculture holds great potential to boost the Philippine economy," he said, who has always kept a special eye on developing the Philippine's agricultural sector.
The seemingly smooth-sailing life and business of Joseph Calata went on the rocks after controversies following his appointment at a government post. Controversies came after critics pointed out his incompetency for the position. Soon after, he was relieved after President Benigno Aquino III took over the presidency.
Joseph Calata has always been an advocate of boosting the Philippine economy through investing on the agricultural sector.
Published July 17th, 2011
Filed in Business