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Friday, August 04, 2006
Veggie buyers to be asked to deposit cash bonds
TO SAFEGUARD farmers from being victimized by unscrupulous traders, individuals purchasing agricultural products from the La Trinidad trading post would be asked to put money in accredited banks to serve as bonds in cases where they would not be able to pay the commodities they order from the farmers.
The Municipal Council of La Trinidad is contemplating on requiring all traders transacting business at the facility to post cash bonds to address the problem raised by farmers on the issuance of bouncing cheques.
Councilor Romeo Salda said the provision would be incorporated in the Trading Post Code, which is now being finalized for implementation. "This would safeguard the farmers because they know the persons they are transacting with," he said.
The code will require the accreditation of all buyers and other individuals doing business in the facility.
Even visitors will be asked to obtain identified cards from the mayor's office before proceeding to the trading post so that farmers will have an idea on whom they are transacting business with, Salda said.
The measure was devised to protect the interest of farmers who complain of being cheated by some traders who purchase their produce but later on issue cheques that are not funded.
Names of the accredited vegetable buyers and wholesalers will also be posted at the trading area.
Salda said the Benguet Traders and Truckers Association (BTTA), which admitted that not all middlemen at the trading post are association members, supported the move. "Some are not regular and not recognized by the traders group," he said. (JC)
(August 4, 2006 issue)
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