Inquirer
Reforming NFA allows gov’t to buy palay at fair price – Romualdez
The House of Representatives has pledged to expedite the legislative process for a proposed revamp of the National Food Authority (NFA) aimed at reducing food prices and supporting farmers.
Speaker Ferdinand Martin Romualdez stated that the bill directly addresses the pressing need to lower rice prices, aid farmers, and stabilize the nation's food supply.
The Department of Agriculture has submitted a proposal to Malacañang seeking to reauthorize the NFA's market intervention capabilities, including purchasing palay at competitive rates and managing buffer stocks.
The revamped NFA would have a clearer mandate to assist Filipino farmers and safeguard consumers, with enhanced powers to buy palay at fair prices and maintain adequate buffer stocks to counter price surges caused by calamities, hoarding, or manipulation.
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The Department of Agriculture (DA) is nearing completion of a draft bill to reinstate key regulatory and marketing functions of the National Food Authority (NFA).
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The National Food Authority (NFA) is implementing stricter regulations for purchasing palay to prioritize registered farmers over traders.
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The National Food Authority (NFA) is planning to resume buying corn from local farmers by 2026 as part of a pilot program in selected areas, aiming to improve farmers' livelihoods.
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