DA chief urges lawmakers to back RCEF extension

Agriculture Secretary Francisco Tiu Laurel Jr. has called on lawmakers to back the extension of the Rice Competitiveness Enhancement Fund , a component of the Rice Tariffication Law that is being revisited for possible amendments.In a statement on Tuesday, Tiu Laurel said that the RCEF has provided additional funding for government initiatives to improve the livelihoods of Filipino farmers.

Tiu Laurel said over a million Filipino rice farmers have benefited from the Rice Fund since its implementation in 2019."The RTL has leveraged tariff revenues to fund critical initiatives that have brought transformative changes to our agricultural landscape. Notably, the provision of high-quality seeds and modern machinery through the RCEF has led to a remarkable increase in rice yields and a reduction in production costs,” he said.

Source: Law Daily Report (lawdailyreport.net)

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