The Philippine Center for Postharvest Development and Mechanization (PHilMech) has already identified the mechanization projects and programs to be funded by the P10-billion Rice Competitiveness Enhancement Fund (RCEF).
The Philippine Center for Postharvest Development and Mechanization (PHilMech) has already identified the mechanization projects and programs to be funded by the P10-billion Rice Competitiveness Enhancement Fund (RCEF).
Republic Act (RA) 11203 or the Rice Tariffication Law stipulates the creation of the RCEF that would be funded by rice tariff collections. As part of the law, RCEF will be first injected with P10 billion annually from 2019 to 2024 or a period of six years.
Of the P10 billion, P5 billion will be allocated for mechanization of the local rice sector, P3 billion for provision of high-yielding in bred rice seeds, P1 billion for credit support, and P1 billion for extension support and education of rice farmers.
See full article at Manila Bulletin
