PRESIDENT Ferdinand “Bongbong” Marcos Jr. signed into law on Monday, December 9, 2024, a measure amending the Agricultural Tariffication Act in a bid to make the country’s rice industry more competitive by providing support to local farmers. During the ceremonial signing in Malacañang, Marcos said the measure, which amended Republic Act 11203, or the Rice Tariffication Law, aims to ensure that farmers gain steady access to resources they need in order to succeed.
The additional funding will be allocated to support priority projects such as training and extension services, financial assistance to rice farmers tilling up to two hectares of land, expanded rice credit assistance, composting facilities for biodegradable wastes, pest and disease management, soil health improvement, farming support programs on contract farming, and establishment of solar-powered irrigation systems.