Contributed by Jinkee Landicho, NFA-Bataan
BALANGA CITY, Bataan – The National Food Authority recently launched the additional P3.00 per kilogram Buffer Stocking Incentive in San Jose, Occidental Mindoro last October 12, 2018 headed by the new NFA Council Chairman, Dept. of Agriculture Secretary Manny Pinol.
He stated that the NFA, which has been transferred back to DA, would prioritize local procurement over importation to help the local palay farmers in the country.
NFA is offering the additional incentive on top of the agency’s support price of P17.00 per kilogram and aside from the other incentives such as delivery incentive of P0.20/kg, drying incentive of P0.20/kg, and Cooperative Development Incentive Fee (CDIF) of P0.30/kg, bringing the agency’s buying price for clean and dry palay to P20.40/kg for individual farmers and P20.70/kg for farmer cooperatives.
As part of the food agency’s aggressive palay procurement, Mgr. Adelaida C. Nuestro instructed NFA Bataan employees to organize a series of Ugnayan activities with farmers and farmer organizations in their respective areas to inform them of the new palay buying price.
Mgr. Nuestro also deployed a mobile procurement team in far-flung areas of the province to encourage the farmers to sell their harvest to the agency.
Since the launching of the new palay buying price, NFA Bataan procured a total of 1,282 bags of palay produced from the different municipalities in Bataan.
With the additional Buffer Stocking Incentive of P3.00/kg, NFA hopes to increase its absorption rate of the local palay production.