Marcos Jr OKs over P13-B financial aid to rice farmers: Palace

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Marcos Jr OKs over P13-B financial aid to rice farmers: Palace
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President Ferdinand Marcos, Jr. has approved the release of around P13.4 billion in financial assistance packages to farmers, Malacañang said.

MANILA — President Ferdinand Marcos, Jr. has approved the release of around P13.4 billion in financial assistance packages to farmers, Malacañang said on Saturday.

Marcos, Jr., who concurrently holds the agriculture portfolio, said this would help maintain famers' productivity. Information from the Palace release showed the RFFA program is an unconditional financial aid to farmers who are tilling land below 2 hectares, based on the Cash Assistance to Filipino Farmers Act of 2021.

Marcos earlier this week rejected proposals to reduce rice import tariffs, saying it was not the right time.

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