Business World

Agri department floats rice output enhancemen­t program of P1.3 trillion

- Adrian H. Halili

THE Department of Agricultur­e (DA) said a program to expand rice output and minimize post-harvest losses would require investment of about P1.3 trillion over a number of years.

“The Philippine­s needs to invest at least P1.3 trillion over the next few years to boost rice production, reduce wastage of agricultur­al products, and ensure food security,” Agricultur­e Secretary Francisco Tiu Laurel, Jr., said in a statement on Wednesday.

He added that the funds will support irrigation projects for over 1.2 million hectares of farmland.

The proposed amount is equivalent to nearly a quarter of the 2024 national budget of P5.77 trillion.

Mr. Laurel said on Tuesday that the DA will start investing in more postharves­t facilities for rice and corn.

He said that the DA would need about P93 billion over the next three years to make a dent into post-harvest losses of about P10.7 billion, equivalent to 23 days of rice consumptio­n.

The DA is hoping that output of palay or unmilled rice this year does not fall below 20 million metric tons, equal to the production target in 2023.

Part of the DA’s plan to reduce food waste is to build more cold storage facilities to stockpile vegetables and high-value crops, with which it hopes to smooth out supply in periods of shortage or take excess produce off the market during bumper crops.

The DA has allocated P1 billion for funding such projects in 2024, with a projected requiremen­t of another P5 billion over the next three years.

Its first facility to be constructe­d will rise on a 1.3-hectare site at the

Food Terminal, Inc. (FTI) complex in Taguig City at a cost of about P500 million.

“The 5,000-pallet position cold storage facility in FTI will take at least 12 months to complete,” the DA said.

Mr. Laurel said local government­s should take the lead in assessing supply conditions for vegetables and highvalue crops, citing the devolution of some agricultur­al functions.

“The DA will assist, nonetheles­s, in resolving these perennial problems,” he added. —

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