DA releases P187M to aid South Cotabato rice farmers
MANILA, Philippines — The Department of Agriculture (DA) on Thursday said it has distributed over P186.81 million in interventions to rice farmers in South Cotabato earlier this week.
The release of funds, which took place from Nov. 16 to 17, is aligned with the department’s Rice Competitiveness Enhancement Fund-Rice Farmers Financial Assistance (RCEF-RFFA) Program.
The RCEF-RFFA seeks to help over 13,000 South Cotabato-based rice farmers using lands of 2 hectares or less by giving them P5,000 worth of direct cash assistance.
Meanwhile, more than 1,100 beneficiaries from the municipality of Tantangan, the first to receive the cash aid, stand to receive a total of P5.62 million.
“Itong ayuda na ipinamimigay sa rice farmers ay galing sa (This financial assistance which we are offering to rice farmers comes from the) P7.6 billion excess tariff collection in 2019 and 2020,” Agriculture Secretary William Dar said in a statement.
Article continues after this advertisementAccording to the Rice Tariffication Law (RTL), some P10 billion in tariff revenues are earmarked for the RCEF, while excess collections are allocated to four national programs including the RFFA.
Article continues after this advertisementDar said the RTL has contributed to the country’s improving rice production, noting a harvest of 19.4 million metric tons last year despite the pandemic.
DA statistics show that local production of rice met 85 percent of the country’s total requirement, higher than the 78.8% self-sufficiency level recorded the year before.
This marks the first time the Philippines has registered an increase in its rice sufficiency level after three straight years of decline.
This year, the DA hopes to hit a new record of over 20 MMT in terms of rice production.
RELATED STORIES
Imports impoverish PH farmers but don’t ease rice prices
More safety nets in rice sector pushed