C! June 29 2016
This Billionaire Needs Your Help
HE is tall, handsome, hunky, only 35 years old, already a billionaire businessman… And he needs your help.
In the Philippine stock market, the best performing initial public offering (IPO) is Calata Corporation with a market value of P4.3 billion, and its president and chief operating executive is Joseph ‘Josh’ Calata, the youngest CEO of a publicly listed Philippine company— himself worth P2.6 billion.
So what’s Josh’s problem?
Starting Small
Josh comes from a middle class family in Plaridel, Bulacan, the second of four children of Eusebio and Isabel Calata, who ran a small retail store selling fertilizers and other stuff needed by farmers in their area.
“My parents were able to send my siblings and me to school through their earnings from the store,” Josh told the media during the Bulong Pulungan forum at the Hotel Sofitel last Tuesday, June 28.
Josh earned a Bachelor of Science degree, major in Management of Financial Institutions from De La Salle University. Soon after he got his diploma, he applied what he learned to manage, what else, but his parents’ business.
“I computerized (accounting, product listings) and hired salesmen— and my parents wondered why I needed to do these for such a small business,” Josh flashed a smile that can melt your heart of stone.
Through such strategies, the business by then named J. Melvin Trading—J. after Joseph, and Melvin after his eldest brother— has grown into what is now the Calata Corporation, the country’s largest distributor of products needed by the agriculture sector— aside from fertilizers, seeds, chemical and veterinary medicine.
So why does Josh need your help?
At Bulong Pulungan, Josh, here with Deedee Siytangco, moderator, presented his big problem: there may come a time when there will be no more farmers to sell his company’s products to.
Josh said that farming is hardly an occupation of choice in the Philippines. The general perception is that farming is a laborious, gruelling, thankless job. You know the song… Magtanim ay di biro… In English, Planting rice is never fun…
So farmers don’t encourage their children to follow their muddy footsteps.
Farming was never perceived as a lucrative occupation like Nursing once was, Josh pointed out.
“There was a time, everybody wanted to be a nurse,” he added. “Now we have more nurses than there are available jobs for them.”
Farming is way, way far from such status. Today’s young generation would rather be call center agents, if not overseas workers, he said.
“The average age of our farmers now is 57, earning a miserable P5,640.00 a month,” he said.
His problem then is that in the next 10 years or so, there would be no more farmers— his main market for his fertilizers, seeds, and all.
But, Joseph pointed out, this is not just his problem. He said the problem is a lot bigger— as in food security for the country.
Indeed, if the agriculture industry dies, if no one is planting rice or growing livestock anymore, where will the Philippines get its food? That is, food that everyone can afford.
Agrivolution
Josh pointed out our Asian neighbours had wisely developed their agriculture industry and so they are realizing surpluses in agricultural harvest— while we are importing rice.
Josh said the solution for the Philippines is Agrivolution— to make agriculture an attractive enough industry, to make farming not just a job but rather, a profitable business.
“We want to develop entrepreneur farmers,” Josh said.
Agrivolution consists of a three-part program: to inspire future farmers, cultivate productivity, and sustain growth.
“We are just in the inspire stage,” Josh said.
To this end, Calata Corporation is boosting agriculture in the Philippines by creating the Calata Foundation which is providing scholarships to inspire millennials to go into agriculture.
Joseph Calata with his team, from left: Fredericko Kraus, president LMIO; Raymond Gaston, vice president for operations; Becky Garcia, and Armin Demetillo, members, Board of Trustees.
Scholarship
As a start, Calata Foundation donated P2 million to a scholarship fund of De La Salle Araneta University (DLSAU). The scholarship is being offered not to high school students but to college graduates to encourage them to go into further studies in agriculture in the University.
What’s more, Calata Foundation is choosing from among its beneficiaries highly qualified to be entrepreneur farmers who will be sent for a one-year scholarship program at the Universidad del Litoral in Sta. Fe, Argentina, which is known for excellence in agricultural studies.
“In Argentina, the farmers are rich,” Josh gushed, short of saying they are not like your typical Pinoy farmer in that muddy field, bent from morn till the set of sun.
In the cultivate stage, the Foundation is building agricultural centers to assist the entrepreneur farmers in whatever they need to succeed in their business— skills training, equipment, tools, and information on modern farming.
The program also includes micro-financing to provide loans to help entrepreneur farmers to start and grow their business.
Josh called upon big corporations to invest in such agricultural centers as a means to ensure the country’s food security.
In the sustain stage, the Calata Foundation hopes for long-term support for the agriculture industry which should include education and legislation reforms, solar-powered irrigation systems, and state-of-the-art post-harvest facilities.
“Until now, our farmers still dry their palay on the streets or basketball courts,” Josh lamented.
He Needs You
So why does Joseph Calata need your help?
“I am appealing to media, to everyone, anyone, to help in promoting awareness of the cause of farmers and to revive the agriculture industry in the country,” he said.
He pointed a grim scenario in Africa where mining diamonds has so flourished, agriculture has become a second rate if not totally forgotten industry.
Come to think of it, you can’t have your diamonds and eat them too, right?
By the way, girls, you can’t have hunky, handsome billionaire Joseph Calata, either. Eat your heart out—he’s already taken.
— Cynthia U. Santiago Photos by Ed L. Santiago