The agriculture department says that in light of reduced tariffs, they would have to fill the potential shortfall in the Rice Competitive Enhancement Fund
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Agriculture groups said that in the past reduced tariffs penalized local producers, hurt consumers, and deprived government of revenues. They said that foreign rice suppliers will only increase their prices in light of the tariff cut.The statement was signed by leaders of Samahang Industriya ng Agricultura, Philippine Confederation of Grains Associations, Federation of Free Farmers, United Broiler Raisers Association, National Federation of Hog Farmers Inc.
Independent think tank Ibon Foundation called the tariff cut a “desperate move” and would have, at best, “just a negligible effect.” Department of Agriculture Secretary Francisco Tiu Laurel said they will fill the potential shortfall in the rice fund. Whether rice farmers are receiving their share of the rice fund or not is a different issue altogether. Rice farmers Rappler talked to in Nueva Ecija last May said, while welcomed the RTL changes, they were concerned over the backlog of the distribution of financial assistance.as early as July, around the same time President Ferdinand Marcos Jr. was set to deliver his third State of the Nation Address.
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