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Govt to distribute farm equipment worth P2B

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After months of delay, the Philippine Center for Postharvest Development and Mechanization (PhilMech) said it will soon start distributing farm machines worth P2 billion to qualified farmers under a program backed by the rice competitiveness enhancement fund (RCEF).

After months of delay, the Philippine Center for Postharvest Development and Mechanization (PhilMech) said it will soon start distributing farm machines worth P2 billion to qualified farmers under a program backed by the rice competitiveness enhancement fund (RCEF).

PhilMech said it has successfully conducted the bidding for the first batch of farm machines funded under the 2019 RCEF. The mechanization component of the RCEF receives an annual fund of P5 billion from 2019 to 2024.

The attached agency of the Department of Agriculture (DA) had targeted to distribute the farm machines last year. However, National Economic and Development Authority (Neda) Assistant Secretary for Regional Development Mercedita A. Sombilla said the delay in the release of the RCEF and lack of manpower impeded the procurement of machines.

See full article at Business Mirror

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