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Rice tariffication to benefit other crops–expert

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THE passage of the rice tariffication bill at the Bicameral Conference Committee will also benefit other agricultural crops, according to a local economist.

THE passage of the rice tariffication bill at the Bicameral Conference Committee will also benefit other agricultural crops, according to a local economist.

Ateneo EagleWatch Senior Fellow Leonardo A. Lanzona Jr. told the BusinessMirror that the tariffication can boost reforms in other crops given that it will lessen the rice-centric approach of the government in agriculture. Local economists have pointed out that the government’s focus on rice has stolen time and resources away from developing other crops where the country could have a comparative advantage.

“The impact of this law goes beyond the lowered rice price which the lawmakers intended. Its impact is to rationalize the agricultural sector which has focused on rice sufficiency. With this law, other crops where we have comparative advantage can now be considered for reform,” Lanzona said.

 

See full article at Business Mirror

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