News and UpdatesIn the NewsNFA buffer stock seen to boost farmers’ income

NFA buffer stock seen to boost farmers’ income

-

- Advertisment -spot_img

 

The National Food Authority is helping local rice farmers in Negros Oriental boost their income through its buffer stocking incentive which gives a higher procurement price for palay (unmilled rice) compared to the commercial buying price.

Benilda Fidel, NFA-Negros Oriental manager, told the media on Tuesday that the incentive gives P4 per kilogram for clean and dry palay and P2 per kilogram for wet palay.

This is on top of the NFA’s current buying price of palay at P19 per kilogram, she said.

With the BSI, this means that NFA’s procurement of palay is pegged at P23 per kilogram for dry and P21 per kilogram for wet palay, she added.

“Our farmers’ income is boosted as this is much higher than the prevailing commercial procurement price here at P18/kilogram for fresh and wet palay and from P20 to P22/kilogram for clean and dry palay”, Fidel said.

She said that another incentive for local rice farmers in the province is the subsidy given under the Palay Marketing Assistance Program for Legislators & Local Government Units.

Some LGUs in Negros Oriental have inked a memorandum of agreement with NFA to subsidize their farmers by giving at least P2 per kilogram top-up to the grains agency’s procurement price.

As of Oct. 20, the NFA has procured a total of 1,897 bags of both wet and dry palay from different parts of the Province.

Of the total, 597 bags are from Mabinay farmers, who received P88,845 as BSI from NFA and a subsidy from the LGU of some  P59,986; 328 bags from Guihulngan City, with a BSI of over P38,000; and 972 bags from Bayawan City with a PALLGU subsidy of more than P145,000.

Fidel said Bayawan City farmers did not receive BSI from NFA as the palay delivery came prior to the effectivity of the incentive last month.

With the rice harvest season picking up in Negros Oriental, the NFA said they are hopeful that the province’s farmers will sell their produce to them as a way of helping the government to stockpile the staple for emergency and disaster response.

“We are asking our farmers to avail of the incentives from the national and local governments not only for a higher price for their palay but also for them to give back for the assistance provided them such as fertilizers and farm implements,” she said.

Currently, the NFA in Negros Oriental has a buffer stock of around 22,000 bags of rice in their warehouse, Fidel said. (Judy F. Partlow/PNA)

 

 

Latest news

NOCCI asks PBBM: Deny Church plea

    The Negros Oriental Chamber of Commerce and Industry has written President Ferdinand Marcos, Jr. to ask that he turn...

City to hold public hearings about casino

    The Committee on Games and Amusement of the Dumaguete City Council is calling for a public hearing on the...

Unfounded fears

    The Negros Island Region issue appears to be heating up on social media because many people are exercising their...

DOJ asks Timor Leste: Deport Teves quick

    The Department of Justice (DOJ) on Thursday called on Timor Leste authorities for the immediate deportation or extradition of...
- Advertisement -spot_imgspot_img

Ipe supports NIR

    Dumaguete City Mayor Ipe Remollo has thrown his support for the creation of the Negros Island Region. In an interview...

NegOr crop damage pegged at P229M

    Crop damage and other agricultural production losses in Negros Oriental due to El Niño have reached more than PHP229...

Must read

NOCCI asks PBBM: Deny Church plea

    The Negros Oriental Chamber of Commerce and Industry has...

City to hold public hearings about casino

    The Committee on Games and Amusement of the Dumaguete...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you