AreaPhilippines

Commodity GroupRice

CommodityAll

Date02/09/2019

Policy CategoryProduction

Policy InstrumentProduction support, government procurement

DescriptionLaunched the Expanded Survival and Recovery Assistance Program for Rice Farmers (SURE Aid Program), granting a one-time, PHP 15 000 (USD 291) interest-free loan, payable in eight years, to rice farmers cultivating up to 1 hectare (ha). In addition to the credit assistance, the programme envisages the National Food Authority purchasing supplies from participating producers. The scheme aims to assist farmers cope with declines in paddy prices, coming on top of assistance envisaged under the Rice Competitiveness Enhancement Fund (RCEF) for producers affected by rice tariffication.

NotesExchange rate as of 15 October 2019.