Marcos announces NFA will buy corn from farmers starting next year
President Ferdinand 'Bongbong' Marcos Jr. announced on Monday that the National Food Authority (NFA) will begin purchasing corn from local farmers starting next year.
Marcos emphasized that this move aligns with the NFA's historical role in managing rice and corn supplies, aiming to provide a decent livelihood for more farmers.
The president assured that the NFA’s buying price for unmilled rice will remain unchanged despite government efforts to lower retail prices.
In a text message to Palace reporters, NFA Administrator Larry Lacson said the initiative would be piloted next year once funding is secured and selected areas would initially benefit from it.
Under its current mandate, the NFA focuses on maintaining rice buffer stocks primarily sourced from local farmers, with plans to resume corn procurement activities soon.
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