Trending Now
Do WNBA Players Really Want to Be Paid...
America’s Syrian Civil War
A separatist movement is brewing in Canada
Modern Monetary Theory
An Open Letter to Treasury Secretary Bessent
Private Property and Customer Safety: Starbucks Learns a...
Game Theory
Learning from the Caribbean CBDC Experience
States Are Streamlining Licensing—ICE Is Kicking In Windows
Trump Has Completely Dropped His “Populist” Act
  • About Us
  • Contacts
  • Email Whitelisting
  • Privacy Policy
  • Terms and Conditions
DailyProfitTips.com
  • Editor’s Pick
  • Economy
  • Investing
  • Politics
  • World News
EconomyEditor's Pick

NFA to limit palay purchases to farmers in gov’t registry

by June 26, 2025
June 26, 2025

THE National Food Authority (NFA) said it will buy palay (unmilled rice) only from registered farmers to cut traders out of the palay procurement process.

Under the new rules, only verified farmers can sell palay to the NFA, the Department of Agriculture said in a statement, referring to cultivators listed on the government’s official farmers’ registry RSBSA (Registry System for the Basic Sectors in Agriculture) or who can show a certificate from their local government.

Each NFA branch must submit a monthly list of who sold palay and how much, for prominent display at the branch.

With farmer consent, branches can also share the purchase data on NFA social media, subject to privacy regulations.

Each NFA warehouse has been tasked with maintaining a table from where farmers’ groups can observe the buying process.

“This is to ensure that only legitimate farmers are selling to NFA and to address the allegations that traders are the ones benefitting from the NFA,” NFA Administrator Larry Lacson said. “These new rules will open up our palay procurement to public scrutiny.”

Farmers are dealing with declining farmgate prices of palay, which fell 28.9% year on year in May to an average of P17.75 per kilogram.

Month on month, the palay farmgate price fell 1.6% in May from P18.04 in April, according to government data.

Farmers can only sell up to the limit listed in their RSBSA records or in a list from the local government. NFA branches will also keep an eye on farmers who try to sell in areas where they are not registered.

Details of every delivery will be logged, including the farmer’s name, vehicle plate number, and time of arrival. Each sale will also be recorded in a Google Sheet by region and warehouse, and will be updated daily.

There will be regular checks of farmer records and sales. Any NFA employee caught gaming the system will be subject to penalties outlined in the Magna Carta for Small Farmers. — Kyle Aristophere T. Atienza

previous post
DTI says basic goods prices stable
next post
PHL textile suppliers struggling to comply with circularity norms

Related Posts

Learning from the Caribbean CBDC Experience

July 24, 2025

States Are Streamlining Licensing—ICE Is Kicking In Windows

July 24, 2025

PAGCOR first-half gross gaming revenue hits P215B

July 24, 2025

Davao bus project targeted for pilot operations in...

July 24, 2025

Hotel industry urges traveler-safety focus in promoting PHL...

July 24, 2025

Employers warned against coercing workers to show up...

July 24, 2025

SES in talks to bring satellite telco coverage...

July 24, 2025

PHL corn output seen rising on improved pest...

July 24, 2025

2024 healthcare spending rises to 5.9% of GDP

July 24, 2025

Chairman Lee, other officers take charge at FPI

July 24, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    • About Us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2025 DailyProfitTips.com All Rights Reserved.

    DailyProfitTips.com
    • Editor’s Pick
    • Economy
    • Investing
    • Politics
    • World News