THE Philippine Statistics Authority (PSA) recently released the results of its production costs and returns survey of palay (unmilled rice) farms in 2020. The report is of utmost importance because it reveals the situation of our palay farms after the implementation of the Rice Tariffication Law (RTL) in March 2019.

The full benefits of this rice liberalization law are still to be realized because the assistance under its Rice Competitive Enhancement Fund (RCEF) was rolled out only in 2020. Current Agriculture Secretary William Dar assumed office only in August 2019 and there was practically no movement in preparing the agricultural bureaucracy to implement RCEF under his predecessor, who strongly objected to the passage of the law.

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