P20 rice seen possible late in Marcos term; to require massive investment - BusinessWorld Online

cient because of crop failures brought about by typhoons… is possible within his six-year term,” Roy S. Kempis, retired Pampanga State Agricultural University professor, said in an e-mail.

On Monday, the President-elect announced that he would be heading the Department of Agriculture for the time being, signaling his intent to follow through on agriculture-related campaign promises with an international food crisis looming. Mr. Ricafort added that bringing down prices might be difficult due to the global supply chain disruptions as a result of the pandemic and the Russia-Ukraine war.

“We need more production to attain sufficiency, and this is possible, but not instant… there is room for the possibility that Mr. Marcos’ promise can happen, but this has to be aided by some government subsidy in the buying price of palay. This subsidy is going to be the government’s expense and the National Food Authority may incur more debt,” he added.

“Agri-fisheries will be the major focus of the administration. We expect him to mobilize the powers and resources of the Presidency to revive and strengthen our long neglected sector. Our main wish is that will place full trust and confidence in the willingness and capability of our farmers and other stakeholders to provide food and jobs for our people,” Leonardo Q. Montemayor, chairman of the Federation of Free Farmers, said in a statement.

“The present leadership is ready to brief the President-elect at his most convenient time, and we assure him of our strong support and cooperation, as we truly want him to succeed,” he added, noting that a transition report was ready for the next administration.

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PCG chief: No serious security threat on Marcos Jr.’s inauguration but...There is no monitored security threat for the inauguration of President-elect Ferdinand Marcos Jr. at the National Museum in Manila on June 30 but the Philippine Coast Guard (PCG) vowed not to be complacent.
Source: manilabulletin - 🏆 25. / 51 Read more »

Marcos renominates Nograles as CSC chairmanINCOMING President Ferdinand “Bongbong” Marcos Jr. has appointed outgoing Labor Secretary Silvestre Bello as the chairperson of the Manila Economic and Cultural Office.Marcos...
Source: sunstaronline - 🏆 18. / 59 Read more »

THE MANGAHAS INTERVIEWS: Marcos' security adviser says red-tagging not productive“When you have run out of arguments, you label. It&39;s not a productive thing &39;tsaka antithetical &39;yan sa presumption of innocence, hindi ba?… Why are we doing things that are not productive? Let&39;s stop doing that,” Carlos said in the latest episode of The Mangahas Interviews.
Source: gmanews - 🏆 11. / 68 Read more »

Over 15K security personnel to be deployed on Marcos’ inauguration — PNPMore than 15,000 security personnel will be deployed to secure the inauguration of President-elect Ferdinand “Bongbong” Marcos Jr. on June 30, the Philippine National Police (PNP) said Friday. What a waste of taxpayers money. Magastoooos🙄nghihirap na nga e pde nman simplihan nlng.may multong kinatatakutan🤔 Dami inggit…😜🤪😊
Source: gmanews - 🏆 11. / 68 Read more »

Marcos names Bello as MECO chair, Nograles as CSC headTwo outgoing Cabinet officials of President Rodrigo Duterte will join the incoming administration of President-elect Ferdinand 'Bongbong' Marcos Jr., his camp announced...
Source: TheManilaTimes - 🏆 2. / 92 Read more »

Incoming tax chief vows to collect Marcos estate tax - BusinessWorld OnlineINCOMING tax bureau chief Lilia C. Guillermo on Wednesday said she would enforce the collection of the unpaid estate tax of the late dictator Ferdinand E. Marcos, as ordered by the courts.
Source: bworldph - 🏆 9. / 68 Read more »