NFA starts buying palay with extra P3/kg incentive

NFA starts buying palay with extra P3/kg incentive

NFA starts buying palay with extra P3/kg incentive

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Contributed by Lina Gabilan, NFA-Bataan

BALANGA CITY, Bataan – The National Food Authority has received an initial delivery of 56 bags of palay from the People’s Farmers Multi Purpose Cooperative during the official launch of the additional P3 per kilogram buffer stocking incentive in San Jose, Occidental Mindoro.
In an effort to enhance its local procurement, the NFA is offering the additional incentive on top of its buying price of P17 per kilogram aside from other incentives such as delivery incentive of P0.20, drying incentive of P0.20, and Cooperative Development Incentive Fee (CDIF) of P0.30.
With the additional incentive, the cooperative was able to earn P8,400 more at P20.70 per kilogram.
Agriculture Secretary Manny Piñol, who led today’s launching, said that the NFA which has been transferred back to the DA, will prioritize local procurement over importation to help local palay farmers.
Piñol also announced that the DA will give farm machineries as additional incentives to farmers who will sell specific volumes of palay to the NFA.
The NFA was instructed to come up with a table of palay delivery volumes that will be given corresponding farm machinery incentives.
NFA OIC Administrator Tomas Escarez said that with the additional incentive, NFA may even exceed its target of 2.6 million bags of palay for 2018.
With the approval of the guidelines, NFA’s 279 buying stations nationwide will now start accepting palay deliveries from farmers with the new price incentive

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