AreaPhilippines

Commodity GroupRice

CommodityAll

Date10/12/2021

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionPromulgated Republic Act 11598, the Cash Assistance for Filipino Farmers Act, authorizing the Department of Agriculture to use revenue accrued from import tariffs levied on rice each year, in excess of the PHP 10 billion (USD 191 million) already destined to the Rice Competitiveness Enhancement Fund, to provide direct cash assistance for rice farmers cultivating up to 2 hectares, until 2024. The Act aims to help smallholders to endure the impacts of the COVID-19 pandemic and declining paddy prices. In line with its provisions, successive orders issued the implementing guidelines of the Rice Farmers Financial Assistance Programme, under which paddy producers cultivating up to 2 hectares would receive a direct outlay of PHP 5 000 (USD 95).

NotesExchange rate as of 15 May 2022.