Maharlika Agro-Ventures Corp. of the Philippines has established a “virtual poultry farming” operation that allows investors to monitor farm activities via the Internet, according to BusinessWorld.
The operation, called North Star Poultry Equities Inc., seeks investment from Filipinos who live and work abroad. Investors will own a 30% to 40% share in North Star and Maharlika Agro-Ventures will own a 60% to 70% share, according to the newspaper. North Star is working to open several poultry farms in 2010 as part of the P65M virtual farming project.
Internet-ready cameras in the poultry houses will show investors the day-to-day business, and accountants will post income and expenses for investors to view.
The chickens will be sold to the San Miguel Corp. for processing.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment