Senates OKs resolution giving rice to 4Ps beneficiaries instead of cash
Credit to Author: JAVIER J. ISMAEL| Date: Thu, 03 Oct 2019 00:26:20 +0000
Republic Act 11203, which took effect in March this year, replaced the quantitative restriction on the importation of rice with tariffs, which is collected to fund the P10 billion Rice Competitiveness Enhancement Fund (RCEF).
Among the benefits local farmers will get from the full and proper implementation of the law is increased productivity and incomes through farm mechanization, production of inbred seeds, access to cheap credit and improved skills.
Last year, a plan was devised where local farmers will produce rice for 4Ps beneficiaries in their community. Rice will be available from the Bigasan ng Bayan which the Department of Ariculture will open within the area, doing away with transport costs.