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But thanks to Rice Tariffication Law’s (RTL) Rice Competitiveness Enhancement Fund (RCEF), PhilMech is now in the process of distributing P2 billion worth of farm machineries to farmer cooperatives and associations (FCAs) across the country.
The RTL or Republic Act 11203 allocates P5 billion to PHilMech annually for the distribution of various farm machines at no cost to qualified FCAs. This should be inclusive of the training of the farmer-beneficiaries on how to manage and maintain their machines.
The P5 billion will be sourced from the tariffs on rice imports deposited to RCEF, which will be automatically injected with P10-billion funding from 2019 to 2024.