‘’We thank Agriculture Secretary William Dar for acting swiftly for the benefit of our farmers. This loan package is a big help,” Pangilinan said in a press statement.
The new agriculture secretary announced that affected rice farmers tilling at most one hectare of land may avail of a one-time, zero-interest loan amounting to P15,000 payable up to eight years under the Expanded Survival and Recovery Assistance Program for Rice Farmers . Dar also said the National Food Authority would also buy the produce of rice farmers, who would avail of the loan assistance under the SURE Aid program.
1. Front-load the cash assistance safety net provision in the law, which only provides for cash assistance after the P10-billion tariff collection mark is reached. Pangilinan proposed that the entire tariff collection estimated at P10 billion as of July 2019 be entirely allocated to cash assistance.
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