Skip to main content

Farmers pleased with palay buying price—NFA


San Juan, La Union—Buying price of palay in the region continues to record high farm gate price even as harvest season for the summer cropping season has reached its peak. And this is pleasant news to palay farmers.

For Isidro Bacani and Alejo Abat of Bucao, San Gabriel, La Union, the buying price of P23 per kilogram which traders buy their produce is just enough for them to have a good return of their investment. They said that the said amount compensates the rise in farm inputs including seeds, fertilizers and even wage for farm helpers which they pay from the preparation of the farm until the harvest of their produce.

The same is true for Julita Coloma of Naguirangan, San Juan, La Union who is hopeful that the present buying price of palay will continue for farmers like her to have better returns citing also rising cost of production.

The National Food Authority here reported that based on their monitoring, dry palay’s buying price remains at a low of P22 per kilogram to a high of P23 per kilogram. National Food Authority regional director Carlito G. Co said that he doesn’t see any easing up in the buying price as rice traders continue to compete with each other to buy as many stocks of palay as they can.

“The buying price is still high at this time when harvest season have peaked. Usually this should have been on the downtrend as fresh harvest starts to come in. But the high price of commercial rice in the market drives the traders to compete to corner a big volume of the harvest for their inventory, hence, the unusual high price of palay being enjoyed by the farmers”. This bode well for our farmers as this would translate better income from their investment”, Mr. Co said.


“Our farmers invest a lot in planting the crop until it is harvested. So when the buying price of palay is high, they expect to have a good return in their investment. At P23.50 per kilogram, a 50 kilogram sack of palay will fetch at P1,175. This is definitely very good news to our farmers. If such trend continues, we expect more and more farmers to be planting palay which is good for our goal of achieving rice self-sufficiency level”, the director added.  (NFA)

Comments

Popular posts from this blog

Empanada festival: A celebration of good taste and good life

By Dominic B. dela Cruz & Leilanie G. Adriano Staff reporters BATAC CITY—If there is one thing Batac is truly proud of, it would be its famous empanada-making business that has nurtured its people over the years. Embracing a century-old culture and culinary tradition, Batac’s empanada claims to be the best and tastiest in the country with its distinctive Ilokano taste courtesy of its local ingredients: fresh grated papaya, mongo, chopped longganisa, and egg. The crispy orange wrapper and is made of rice flour that is deep-fried. The celebration of this city’s famous traditional fast food attracting locals and tourists elsewhere comes with the City Charter Day of Batac every 23 rd  of June. Every year, the City Government of Batac led by Mayor Jeffrey Jubal Nalupta commemorate the city’s charter day celebration to further promote its famous One-Town, One Product, the Batac empanada. Empanada City The Batac empanada festival has already become an annua

PIDS expert says income tax cuts justified; warns gov’t of revenue loss

Proposals to amend the personal income tax schedule appear to be well-justified. However, these proposals should include measures that will allow government to recover the revenue loss from lower income taxes. Dr. Rosario Manasan, senior research fellow of state think-tank Philippine Institute for Development Studies (PIDS), said at a seminar sponsored by the Philippine Senate, that government should look for new revenue measures to compensate for the projected revenue loss that will arise as a result of the implementation of any of the various proposals to restructure the personal income tax. Currently, there are several income tax reform proposals pending in both houses of Congress. All of them, according to Dr. Manasan, have the same objective of addressing the phenomenon of bracket creep, which results from “non-indexation to inflation of personal income tax brackets”. Simply put, bracket creep occurs when employees’ income increases over time as a result of inflation. Th

PGIN honors Ilocano heroes of past, present through Heroes Walk

SPO1 Allan Lampitoc Franco of Banna, Ilocos Norte and PO2 Jovalyn D. Lozano of Adams, Ilocos Norte receive a resolution of commendation, a certificate of college scholarship grant to their family members and a P20,000 cash incentive each from the Provincial Government of Ilocos Norte represented by Governor Imee R. Marcos and Vice Governor Angelo M. Barba in recognition of their bravery and heroic acts in the Mamasapano clash in Maguindanao on January 25. Mr. Franco and Mr. Lozano were recognized on March 10 in time for the unveiling of the second batch of Ilocano heroes at the Heroes Walk located along the Sirib Mile in Laoag City.  (Lei Adriano) By Jennifer T. Pambid PGIN-CMO In honor of the heroes who brought freedom, fame and glory to the province as well as to the country in the past century, the Provincial Government of Ilocos Norte (PGIN) through the Education Department and Sirib Youth Office launched the second batch of Ilocano Heroes Walk on March 10, 2015.