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P12-B aid to rice farmers out by September

The Philippine Star

|

June 27, 2024

The Department of Agriculture (DA) has committed to complete the distribution of P12 billion in cash assistance to rice farmers by September.

- JASPER EMMANUEL ARCALAS

The amount is part of the nearly P20-billion excess tariffs collected by the government last year from 3.6 million metric tons of rice imports.

Under existing laws, the government can use rice tariff collections in excess of P10 billion for cash assistance, crop diversification land titling and expanded insurance program for rice farmers.

Total rice tariff collections reached nearly P30 billion in 2023.

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