Ilocos Norte offers alternative marketing assistance to corn growers
The Provincial Government of Ilocos Norte (PGIN) in cooperation with the National Food Authority (NFA) is set to implement an alternative marketing scheme to corn growers that would shield them from price manipulation by unscrupulous middle men or traders.
With a proposed budget amounting to PHP500,000, the Ilocos Norte government plans to bring back this trading scheme to buy at least 714 tons of yellow corn out of the estimated 46,600 metric tons total corn production in Ilocos Norte this year.
Launched in 2012, the corn program has benefited hundreds of local farmers here as it helped them avail of a fair market price from middle men.
Ilocos Norte however failed to continue this buying scheme last year due to late preparation of the Memorandum of Agreement (MOA), said Luz Tabora, corn coordinator of the Provincial Agriculture Office.
Based on the MOA, the NFA shall link corn growers with the local government units to provide at least .70 centavos per kilogram as price support premium on top of the prevailing market price pegged at PHP 12.30 per kilogram. The government grain agency shall provide a warehouse where corn harvest can be deposited for at least a period of two months and later on, it can be sold for a higher price when corn supply had dropped.
Corn farmers greatly welcome this development as it provides better opportunities to rural farming communities here. (PNA)