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MANILA - The Land Bank of the Philippines (Landbank) and the Development of the Philippines (DBP) have facilitated the distribution of over PHP8.2 billion for the PHP5,000 in direct and unconditional cash aid each to over 1 million qualified small palay farmers from 2019 to 2021, according to data from the Department of Agriculture (DA). These two state financial institutions distributed the cash aid as part of the Rice Farmers Financial Assistance Program (RFFA) of the DA under the Rice Tariffication Law (RTL), or Republic Act 11203. Farmer-beneficiaries receiving the PHP5,000 cash aid should be registered in the Registry System for the Basic Sectors in Agriculture (RSBSA). Under RA 11203, rice import tariffs in excess of the PHP10 billion earmarked annually for the Rice Competitiveness Enhancement Fund (RCEF) could be used to provide financial assistance to palay growers, among other possible options. The law also mandated that all rice tariffs in excess of PHP10 billion must be used

The philippinesRodrigo duterteDevelopment of the philippinesDepartment of agricultureNational food authorityRice competitiveness enhancement fundRice farmers financial assistance programLand bankRice tariffication lawRepublic actRegistry systemBasic sectorsSecretary carlos dominguezManila the land bank of philippines landbank and development dbp have facilitated distribution over php8 2 billion for php5000 in direct and unconditional cash aid each to over 1 million qualified small palay farmers from 2019 2021Ccording to data from the department of agriculture da these two state financial institutions distributed cash aid as part rice farmers assistance program rffa under tariffication law rtl