PH gov’t proceed to fund crop diversification
The Department of Agriculture (DA) will finally help rice farmers diversify into other crops after they lost billions of money due to the influx of imported rice.
Agriculture Secretary William Dar said in a Manila Bulletin report that as much as P1.3 billion from last year’s rice import tariff collection will go to crop diversification this year.
As part the Rice Tariffication Law or Republic Act (RA) 11203, which allowed unlimited rice importation in the Philippines, any excess from the rice tariff collections should go to crop diversification, insurance, and titling of land.
“We will now help rice farmers diversify,” Dar said the report, adding that the program should start within the year.
In 2019, collections from rice import tariffs amounted to P12.3 billion.
Of this, P10 billion will go to the Rice Competitiveness Enhancement Fund (RCEF), while the P2.3 billion excess will be spent for crop diversification and provision of insurance.