The recent signing of the Anti-Agricultural Economic Sabotage Act (AGES) by President Marcos is a much-needed and long-overdue measure to address the persistent issue of market manipulation and exploitation in the country’s agricultural sector.
Onion prices hit as high as P700 a kilo between the latter part of 2022 and the early months of 2023.
The new AGES law rightly classifies smuggling, hoarding, and profiteering of agricultural products as economic sabotage—a serious offense punishable by life imprisonment and hefty fines. This sends a clear message that the government will no longer tolerate these exploitative practices that undermine the livelihoods of farmers and the welfare of consumers.
The establishment of the Anti-Agricultural Economic Sabotage Council, led by the President himself, and the dedicated team of prosecutors to handle these cases, demonstrate the administration’s commitment to effective enforcement and swift justice. The promised rewards and incentives for whistleblowers will also incentivize the public to assist in rooting out these economic saboteurs.
Moreover, the requirement for establishing a Daily Price Index for agricultural products underscores the government’s commitment to transparency and fair pricing mechanisms, benefiting both producers and consumers. The proactive measures outlined in Republic Act 12022 are essential not only for safeguarding the agricultural sector but also for preserving the socio-economic well-being of the nation.
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