In the News (Philippines): Aquino asked: Probe NFA debt, raise subsidy for small farmers
(Achieving rice self-sufficiency is an important food security concern for rice-consuming Asian countries like the Philippines. But government corruption and import dependency undermine food sovereignty and hurt small farmers and consumers alike. Further, advocates warn that the rice industry faces the threats of deregulation and privatization. — Admin)
MANILA, Philippines—President Benigno Aquino III should investigate first the source of surge in debt of the National Food Authority under the Arroyo administration before considering any proposal that may only worsen the problem, according to a network of food security advocates.
In a news release, the Task Force Food Sovereignty on Thursday warned that Finance Secretary Cesar Purisima’s proposed solution to stop the NFA rice subsidy and to sell the staple at prices determined by the market may only increase hunger and poverty incidence in the country.