In a recent meeting with DA officials, President Marcos said the RCEF excess collection beyond the P10 billion requirement should be used to provide drying, mechanization, and other equipment to support rice farmers to sustain their productivity.
Under Republic Act 11203 or the Rice Tariffication Law , revenues collected from rice tariffs should pay for the yearly requirement of P10 billion for the RCEF to bankroll programs and projects raising the competitiveness and output of palay farmers.
President Marcos recently approved the release of PhP12.7 billion, which will be distributed to 2.3 million small rice farmers who will each receive PhP5,000 in financial assistance under the Rice Farmers Financial Assistance program of the government. “Lalakihan natin ang galing sa Rice Tariffication Law at ibibigay natin sa ating mga farmer sa pamamagitan ng mga equipment, mga tractor, mga harvest, mga dryer,” the chief executive said.Singlife launches 100-in-1 medical plan, starting at P100 a monthJoin Anne Curtis unlock magic of night portraits with vivo V29 5G
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