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Business > Top Business
Rice tariff to fund crop diversification – DA chief
By Janine Alexis Miguel
Jun 27, 2024 12:27 am

CROP diversification will get P7 billion of the P20 billion in excess rice tariffs collected that will enable farmers to venture into the production of high-value crops besides rice.

In a press briefing hosted by the Philippine Chamber of Commerce and Industry on Tuesday, Agriculture Secretary Francisco Tiu Laurel Jr. detailed the allocation of the P20 billion in excess rice tariff collection, noting that last year's excess funds that were distributed had reached P12 billion.

Agriculture Secretary Francisco Tiu Laurel Jr. Photo from Department of Agriculture

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