1. Filipino-made products
2. Support local businesses
3. Buy Philippine products
The National Food Authority (NFA) is committed to buying locally produced palay to maintain the country’s rice stockpile for disaster preparedness. Despite concerns from farmers about the impact of impending rice tariff cuts on their earnings, NFA Administrator Larry Lacson reassured that the agency’s buying price will not be affected. The NFA plans to expand its buffer stock to 545,000 metric tons next year and has requested a budget increase to sustain its efforts. Lacson emphasized the importance of supporting local farmers and ensuring food security amidst potential challenges like the La Niña phenomenon. this article on “The Importance of SEO in Digital Marketing”:
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The National Food Authority (NFA) is at the forefront of ensuring food security in the Philippines by continuing to purchase locally produced palay despite the impending rice tariff cuts. This commitment to supporting local farmers is crucial in building the country’s rice stockpile for disaster preparedness and resilience.
In a recent interview, NFA administrator Larry Lacson emphasized the agency’s clear mandate to buy produce from local farmers, stating that the lowering of import tariffs on rice will not affect the NFA’s buying price. This assurance is essential for farmers like Angelo Vitalista in Bulacan province, who expressed concerns about the potential decrease in earnings due to the tariff reduction.
Vitalista highlighted the impact of lower farm-gate prices on farmers’ livelihoods, noting that some may be forced to sell their lands to make ends meet. The stability of farmers’ incomes is crucial for sustaining agricultural production and ensuring food security for the nation.
The National Economic and Development Authority (Neda) has announced plans to decrease the tariff for rice imports to 15 percent from 35 percent as part of the Comprehensive Tariff Program (CTP) for 2024-2028. This move aims to keep food prices affordable for consumers while supporting local farmers through sustainable procurement practices.
Despite the tariff adjustments, Lacson reassured farmers that the NFA will maintain its buying price at a level that benefits them, regardless of external factors. The agency is also planning to expand its buffer stock to 545,000 metric tons in 2025 to support regional food reserves and disaster response efforts.
To finance these initiatives, the NFA has requested a budget increase to P16.305 billion for 2025, up from the current level of P9 billion. This funding will support ongoing procurement efforts and enhance storage capacity to meet the growing demand for rice reserves in the face of climate-related challenges like La Niña.
As the NFA works towards achieving its procurement targets and building a robust rice stockpile, it remains committed to supporting local farmers and ensuring food security for all Filipinos. By prioritizing the purchase of locally produced rice and maintaining fair prices for farmers, the agency plays a vital role in safeguarding the nation’s food supply and promoting sustainable agriculture practices.
In conclusion, the NFA’s dedication to ‘buy Pinoy’ despite tariff cuts is a testament to its commitment to supporting local farmers and ensuring food security in the Philippines. By prioritizing the needs of farmers and consumers alike, the agency plays a crucial role in building a resilient food system that can withstand challenges and provide for the nation’s needs in times of crisis. “Why Regular Exercise is Important for Overall Health and Well-being”
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