SINAG, Philcongrains, NFA aid farmers with new scheme to cushion impact of rising cost of production

The Samahang Industriya ng Agrikultura (SINAG) has forged an agreement with the Philippine Confederation of Grains Association (Philcongrains) and the National Food Authority to help local rice farmers cope with the rising cost of production and assure that they can sell their harvests for a reasonable price.

Under the memorandum of agreement, SINAG, with Philcongrains and other local millers, will purchase roughly 7.5 billion kilos of palay this harvest season, representing 90 percent of projected palay harvest.

The NFA, for its part, has pledged to provide its private warehouses and other facilities to facilitate the purchase of these palay from rice farmers.

Apart from the role of the NFA, the Department of Agriculture will also help resolve bottlenecks in the project with reports regularly submitted to acting Agriculture Secretary, President Ferdinand Marcos Jr.

The move is among the thrusts to encourage local farmers to continue planting. It is also a wake-up call for both the private and public sector to strengthen the local industry instead of relying on imports from other countries.