The Department of Agriculture (DA) will use a big chunk of its 2023 P163.7-billion budget to boost farm production and forestall a looming food crisis.
The Department of Agriculture will use a big chunk of its 2023 P163.7-billion budget to boost farm production and forestall a looming food crisis.
Representing President and Agriculture Secretary Marcos, Agriculture Undersecretary Domingo Panganiban said DA will focus on increasing food production, lowering of food prices and the creation of new employment opportunities and stable incomes for the rural poor. She added that P4.60 billion will be allocated for fisheries production to distribute 1,109 boats to 1,142 fisherfolk, 5.73 million pieces of broodstocks and 2.85 million pieces of fingerlings.
The DA will also implement a P87.3 million adaptation and mitigation initiatives in agriculture and P110.8 million to the Bureau of Agricultural Fisheries Engineering. For credit and financial assistance, the DA said P2.7 billion amounts of loans will be granted to 37,250 small farmers and fisherfolk and 130 small and medium enterprises.Drought over
Of the eight, the NFA will post the biggest hike, a 71 percent jump from P7 billion to P12 billion. This will allow NFA to hike its buffer stock capacity from 9 days to 15 days. Of this amount P19.5 billion will fund fertilizer support, which, according to Recto, “is a must at this time when fertilizer prices have gone through the roof.”
Recto said he is supporting the budget increase in agriculture, “not because it is what the President has asked, but this is what the people want.” “Firstly, production enhancement programs such as the National Rice Program, an intensified vegetable production program, the Integrated National Swine Production Initiatives for Recovery and Expansion program for livestock and poultry subsectors, and the Fisheries Production Program, under the BFAR,” she said.
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