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Feb 3, 2017 @ 10:05

Duterte pledges P120B to agriculture for 5 years

President Duterte has committed P120 billion to the agriculture sector for the next five years in order to push for rural development.

Budget Secretary Benjamin Diokno said during the agrarian reform beneficiaries’ (ARBs) forum in Davao City that Duterte wants farmers to know that they are government’s priority.

Diokno said the Department of Agrarian Reform will receive P9.8 billion to distribute 48,000 hectares of agricultural lands and give support services to farmer-beneficiaries in 2017.

He said P46 billion was allocated to the Department of Agriculture (DA) for agricultural research and development, market expansion, agricultural and fisheries support, and construction of farm-to-market roads.

He said the diversification of high market value crops was allocated with P4 billion, while infrastructure development, and building and repairing of farm-to-market roads and post-harvest facilities were given P7.1 billion.

At least P51 billion was given to other agencies and corporations involved in agriculture and agrarian reform such as the National Irrigation Authority (NIA) and the National Food Authority (NFA).

The Rice Production Enhancement Program (RPEP) was given a budget of P9.7 billion to help farmers increase their production this year while PhilRice was allocated P561 million to support the development of climate-resilient and high-yielding seeds.

The Philippine Crop Insurance Corporation (PCIC) was given P2.5 billion to provide assistance to farmers and fisher folks who suffered losses during calamities while the Agricultural Credit Policy Council (ACPC) was given P811 million to establish a flexible credit facility for agricultural workers and farmers.



 

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