One million Filipino farmers are set to receive P7,000 each in cash aid as part of the proposed P6.7 trillion budget for 2026.
Speaker Faustino "Bojie" Dy III announced that this financial assistance aims to compensate farmers for losses incurred due to the low farmgate prices of palay.
The P7,000 cash aid is intended to help farmers cope with the challenges posed by the current market conditions, where some are selling palay for as low as P8 per kilo.
This initiative complements Executive Order No. 93, which temporarily suspends rice importation to protect local producers from oversupply and depressed prices.
Speaker Dy also mentioned that they have requested President Ferdinand Marcos Jr. to provide all Department of Agriculture subsidies, such as seed subsidies, directly to farmers in cash to further alleviate their situation.
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