Marcos approves P5,000 financial assistance for 2.3 million rice farmers
MANILA, Philippines — President Ferdinand Marcos Jr. approved and ordered on Thursday the release of P12.7 billion for the Rice Farmers Financial Assistance (RFFA) program in an attempt to help small rice farmers to sustain productivity.
The amount will benefit over 2.3 million small rice farmer beneficiaries under the RFFA who earlier registered in the Registry System for Basic Sectors in Agriculture (RSBSA) as of June 30, 2023.
Each farmer will get P5,000 in financial aid, with the funds sourced from excess tariff collection from rice importations in 2022.
"[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]," said Marcos in a statement released on Saturday.
"Bilang inyong pangulo at kalihim ng Agrikultura, patuloy po tayong gumagawa ng mga konkretong solusyon upang matugunan ang mga problemang kinakaharap ng sektor ng agrikultura (As your president and secretary of Agriculture, we are continuing on making concrete steps to solve problems being faced by our agricultural sector)."
Included in the RFFA beneficiaries are:
The aid is an "unconditional" financial assistance to land tillers who tend to below two hectares of land as mandated under the Cash Assistance to Filipino Farmers Act of 2021 or Republic Act 11598.
Marcos earlier extended P15,000 in financial assistance to small rice retailers and sari-sari store owners affected by the imposition of the P41 price cap on regular milled rice and P45 price ceiling on well-milled rice.
The Department of Agriculture plans on maintaining the price ceilings until the retail price of rice goes down to P38 per kilo. Price caps were introduced after a recent sudden spike in rice prices while the inflation rate soared to 5.3% in August.
"Kaya naman, ang hamon ko sa inyo, mga kapwa Pilipino: Magtulungan po tayo upang maisaayos ang ating agrikultura at maisakatuparan ang pangarap natin ng ‘Bagong Pilipinas’ – kung saan matatag, maginhawa at panatag ang buhay ng bawat Pilipino. (That's why, my challenge to you, my fellow Filipinos is this: Let's help each other fix our agriculture to achieve our dream of a "New
