President Ferdinand Marcos Jr. approved and ordered on Thursday the release of P12.7 billion for the Rice Farmers Financial Assistance program in an attempt to help small rice farmers to sustain productivity.
President Ferdinand"Bongbong" Marcos Jr. distributes multiple sacks of rice earlier confiscated by the Bureau of Customs to 4Ps beneficiaries in Surigao del Norte.MANILA, Philippines — President Ferdinand Marcos Jr. approved and ordered on Thursday the release of P12.7 billion for the Rice Farmers Financial Assistance program in an attempt to help small rice farmers to sustain productivity.
The mount will benefit over 2.3 million small rice farmer beneficiaries under the RFFA who earlier registered in the Registry System for Basic Sectors in Agriculture as of June 30, 2023. Each farmer will get P5,000 in financial aid, with the funds sourced from excess tariff collection from rice importations in 2022.
"[This would] help them cope with the increasing cost of production and sustain their productivity even in the face of challenges like the coming El Niño [phenomenon],""Bilang inyong pangulo at kalihim ng Agrikultura, patuloy po tayong gumagawa ng mga konkretong solusyon upang matugunan ang mga problemang kinakaharap ng sektor ng agrikulturaagrarian reform beneficiaries organizations The aid is an "unconditional" financial assistance to land tillers who tend to...
Marcos earlier extended P15,000 in financial assistance to small rice retailers and sari-sari store owners affected by the imposition of the P41 price cap on regular milled rice and P45 price ceiling on well-milled rice.
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