CROP diversification will get P7 billion of the P20 billion in excess rice tariffs collected that will enable farmers to venture into the production of high-value crops besides rice.
In a press briefing hosted by the Philippine Chamber of Commerce and Industry on Tuesday, Agriculture Secretary Francisco Tiu Laurel Jr. detailed the allocation of the P20 billion in excess rice tariff collection, noting that last year's excess funds that were distributed had reached P12 billion.'This year, we plan to allocate P12 billion again,' Tiu Laurel said. Agriculture Secretary Francisco Tiu Laurel Jr.
'In October last year, President Ferdinand Marcos Jr. ordered the DA to utilize the P12.7 billion of excess rice tariff collection after deducting the P10 billion allocated for the Rice Competitiveness Enhancement Fund .
Tariff To Fund Crop Diversification DA Chief
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