Connect with us

Hi, what are you looking for?

Stock Markets

Farmers ask Agri dep’t to reveal funding plans for rice programs

BW FILE PHOTO

THE Department of Agriculture needs to reveal its capacity to fund its rice self-sufficiency goals and support farmers as the government strives to bring down the price of the staple grain, the Federation of Free Farmers (FFF) said on Tuesday.

At a Senate hearing, Leonardo Q. Montemayor, chairman of the FFF, said: “The message that our government agencies should (be) the whole truth and nothing but the truth, for the sake of the credibility of these agencies,” he said.

“If there are limitations or shortcomings in the government’s programs, our countrymen deserve to know so that they won’t be frustrated.”

Mr. Montemayor added that the government should consult more with farmers on measures like slashing tariffs on rice imports.

Earlier this month, the board of the National Economic and Development Authority approved a medium-term plan to lower tariffs on agricultural and industrial products, to help contain rising prices and declining factory performance.

Under the tariff program, reduced tariffs for corn, pork, and mechanically deboned meat first imposed in 2019 are to be maintained until 2028. Rice tariffs will fall to 15% from 35% until 2028.

President Ferdinand R. Marcos, Jr. said last month that the government will work towards achieving 97.5% rice self-sufficiency by 2028, a level which he described as suitable for the country’s needs.

“Before the government makes a decision on an executive order, you should give us a chance to effectively be heard (as guaranteed by) the Constitution. This (right) cannot be abridged,” FFF’s Mr. Montemayor said. — John Victor D. Ordoñez

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Stock Markets

PANGILINAN-LED PXP Energy Corp. is gearing up to boost its ownership in Forum Energy Ltd. The move comes after its board of directors greenlit...

Finance

<?xml encoding=”utf-8″ ?????????> Lorries carrying perishable goods such as meat, cheese, and cut flowers from the EU are experiencing delays of up to 20...

Finance

<?xml encoding=”utf-8″ ?????????> The UK’s unemployment rate has climbed to its highest level in nearly a year, as the number of job vacancies continues...

Finance

<?xml encoding=”utf-8″ ?????????> Chancellor Jeremy Hunt has urged regulators to rigorously scrutinise Daniel Kretinsky’s proposed £3.6 billion takeover of Royal Mail, amidst concerns about...

Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 Captain Of Success. All Rights Reserved.