PRESIDENT Ferdinand Marcos Jr. has approved and ordered the release of P12.7 billion for the Rice Farmers Financial Assistance (RFFA) to help about 2.3 million small rice farmers amid some agricultural challenges in the country, Malacañang announced Saturday.
Presidential Communications Secretary Cheloy Garafil said that Marcos made the order on Thursday in a bid to help farmers 'cope with the increasing production cost and sustain their productivity.' '[This would] help them cope with the increasing cost of production and sustain their productivity even in the face of challenges like the coming El Niño [phenomenon],' the President said, referring to the government's RFFA.
The program ensures that RSBSA-registered farmers, who are also listed in the Pantawid Pamilyang Pilipino Program of the Department of Social Welfare and Development , will enjoy food, nutrition, and income security.Around 78,000 beneficiaries are expected to receive the Palayamanan Plus conditional cash transfer of P10,000 each.The two proposed financial assistance packages support the Masagana Rice Industry Development Programs.
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