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Oct 12, 2016 @ 14:35

NFA should be limited to buffer stock operations: Dominguez

Finance Secretary Carlos Dominguez said the National Food Authority’s function should be confined to buffer stock operations.

Dominguez was asked about his position on the proposed NFA abolition, the abolition of irrigation fees and the coconut levy funds during his confirmation hearing at the Commission on Appointments’ Committee on Finance.

Dominguez said NFA’s function is to provide buffer stock for calamities and other unforeseen events.

“However, NFA’s budget is too small to really intervene in the market and we might as well use those funds to provide the buffer stocking operations. Therefore, I think the NFA should be limited to buffer stock operations,” he said.

Dominguez said the irrigation fees should be maintained because of “human nature” that “those who get things for free tend to waste them.”

“If the water is free, people will not conserve it. It’s just the human nature that I observed. I think the irrigation fees should be paid to the irrigation cooperatives for continuous maintenance of the irrigation canals,” he said.

On the coconut levy funds, Dominguez said a law must be passed before government could use the coco levy funds for the coconut industry, the farmers and their families.

“Supporting scholarships, supporting better farming methods, maybe supporting fertilization and new intercropping methods with coconuts as well as different varieties of coconuts, I think should be done by legislation,” he added.



 

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