Nueva Vizcaya Agricultural Terminal

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Nueva Vizcaya Agricultural Terminal
Nueva Vizcaya Agricultural Terminal Entrance 2024.jpg
Entrance of the Nueva Vizcaya Agricultural Terminal in 2024
Nueva Vizcaya Agricultural Terminal
General information
LocationBarangay Almaguer North, Bambang, Nueva Vizcaya, Philippines
Coordinates 16°21′58″N121°5′51″E / 16.36611°N 121.09750°E / 16.36611; 121.09750
Year built1998–2005
OwnerNueva Vizcaya Agricultural Terminal Inc.
Company
IndustryAgriculture
Founded2001;24 years ago (2001) in Bambang, Nueva Vizcaya, Philippines
Area served
Nueva Vizcaya
ProductsAgricultural products

Nueva Vizcaya Agricultural Terminal (NVAT) is an agricultural facility located in Bambang, Nueva Vizcaya, Philippines. It is owned by the Nueva Vizcaya Agricultural Terminal Inc., a Filipino agricultural public-private joint venture company. It is the largest agricultural trading post in the Cagayan Valley region. [1] According to the Global FoodBanking Network, in 2024, 500 metric tonnes or 500,000 kilograms (1,100,000 lb) of fruits and vegetables were brought to the facility every day, although half of the them are thrown out. [2]

Contents

Before 2004, the province of Nueva Vizcaya did not have a proper agricultural trading system. The government of the province addressed the problem by establishing Nueva Vizcaya Agricultural Terminal (NVAT), a vegetable trading facility in 1998 in collaboration with CASCADE, a European Union-funded project, the Department of Agriculture, and farmers' organization, who manage the daily operation of the facility. They established a 6.7 hectares (17 acres) centralized marketing center in Barangay Almaguer North in Bambang, Nueva Vizcaya. In 2001, it was established and registered in the Securities and Exchange Commission. In 2004, NVAT built stalls for farmers and traders in the facility to encourage farmers to use the facilities. In 2005, it became operational. From 2013 to 2016, the provincial government pursued the privatization of the company, selling the company's stocks to farmers and organizations, shifting the company's private ownership from 30% to 70% by 2016, [3] and by 2023, the private ownership is 85.29%. [4] In February 2023, the facility built a fruit and vegetable juice processing facility. In August, it rolled out the "NVAT Fresh Online Platform", an online business-to-business platform in collaboration with the United States Agency for International Development. [5]

References

  1. Domingo, Leander C. (June 7, 2025). "NVAT to become Cagayan food hub". The Manila Times . Retrieved September 20, 2025.
  2. Pelonia, Ada (August 31, 2024). "STALK MARKET | Vegetable traders try barter to tackle food security issue | Ada Pelonia". BusinessMirror . Retrieved September 20, 2025.
  3. Montes, Nimfa Beatris D.; Rola, Agnes C.; Pabuayon, Isabelita M.; Despositario, Dinah Pura T.; Atienza, Vella A. (December 2018). "Organizational Transformation of a Public-Private Partnership: The Case of the Nueva Vizcaya Agricultural Terminal, Philippines". Journal of Economics, Management & Agricultural Development. 4 (2). UP Los Baños . Retrieved September 20, 2025.
  4. "Aboitiz Launches Second Fresh Depot Cold Storage Unit At Nueva Vizcaya Agricultural Terminal | Journal Online". People's Journal . May 4, 2023. Retrieved September 20, 2025.
  5. Lazaro, Jacob (September 15, 2023). "Public-private food terminal moves vs hoarders via B2B". INQUIRER.net . Retrieved September 20, 2025.

Further reading