THE government must set a minimum buying price for palay (unmilled rice) to protect producers from excessive drops in the grain's farmgate cost, said the Federation of Free Farmers (FFF) and Magsasaka Partylist (MPL).
In a statement, FFF chairman and Magsasaka nominee Leonardo Montemayor noted that fresh palay had been selling as low as P12 to P14 per kilogram (kg) in some parts of the country. "At this rate, many farmers will end up with losses, while more efficient producers will net only about P16,000 per hectare, or P2,700 per month for six months' work," he pointed out.
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