P85-M FUNDS
    NFA starts buying dry crop harvest

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    CABANATUAN CITY – The National Food Authority (NFA) has allocated an initial P85-million to procure local rice in Nueva Ecija this dry crop harvest season, a ranking grain official said over the weekend.

    Edelino Alejandro, NFA provincial manager, said that for April alone, they expect to buy 100,000 bags of rice from farmers and farmers’ organizations despite high buying price imposed by private traders at present.

    Officials placed at 7 million bags the anticipated palay production of Nueva Ecija this season even as agriculture officials reported indication of increased harvest.

    Provincial Agriculturist Serafin Santos said that more then 40,000 hectares of ricefields are planted with hybrid seeds that showed yield of 150 to over 200 sacks per hectare. “Even the traditional varieties or inbred have recorded high yield at 113 sacks per hectare.”

    Alejandro said the NFA imposes the so called farmers’ support price of P17 a kilo of clean and dry palay.

    On top of this are incentives amounting to P0.70 per kilogram. These are Cooperative Development Incentive Fund of P0.30 per kilogram for cooperatives and  other farmers’ organizations; delivery incentive, P0.30 per kilogram; and drying incentive of P0.20 per kilogram.

    Meanwhile, Alejandro assured residents of sound stockswith at least 200,000 bags of rice and 600,000 bags of palay in NFA warehouses plus the upcoming 400,000 bags of imported grains.

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