Connect with us

Hi, what are you looking for?

Economy

Agri dep’t backs farm road spending in third stimulus bill

THE DEPARTMENT of Agriculture said Monday that it supports proposed spending on Farm-to-Market Roads (FMR), which are a component of the bill that could become the third economic stimulus package.

At a House hearing, Agriculture Secretary William D. Dar said it supports funding to boost its own FMR programs in the north of Luzon under the proposed Bayanihan to Arise as One Act, the P420-billion stimulus package designed to revive and assist employees and businesses severely affected by the coronavirus disease 2019 (COVID-19) pandemic. The third Bayanihan stimulus bill is also known as Bayanihan III.

The government’s FMR development program helps farmers transport their goods more directly and at lower cost.

“I will agree with the idea… na dun sa Bayanihan III maglagay tayo na magba-budget ng FMR (in the Bayanihan III we will allocate funds for FMR),” he said.

The proposal was put forward by Nueva Vizcaya Representative Luisa Lloren Cuaresma, who also aired concerns about her home region’s agricultural logistics.

Agricultural officials and regional directors from Region I (Ilocos), Region II (Cagayan Valley), and Cordillera Administrative Region provided updates on the state of agriculture in those parts of the country, at the hearing of the House Special Committee on the North Luzon Growth Quadrangle.

Mr. Dar said: “North Luzon holds a critical role in the country’s continuing quest for food sufficiency and security, as well as in efforts to boost agricultural exports.”

The Bayanihan III legislation currently allocates for agriculture only a P70-billion budget for capacity-building among agricultural producers. — Gillian M. Cortez

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
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!

Latest

Investing

Post Office collection and cash delivery workers are to stage a one-day strike later this month in a dispute over pay. Members of the...

Investing

UK consumers cut back on credit card borrowing in May amid fears over rising interest rates and a slowing economy driven by a cost...

Investing

The bank said that it was introducing a £1,200-a-year pay increase from August 1, which would start to show in next month’s pay packets....

Investing

Postmasters caught up in the Horizon IT scandal say that they are still being “left in the dark” about a compensation package after the...

Economy

Expenditures for environmental protection declined by 4.6% year on year in 2021, data from the Philippine Statistics Authority (PSA) showed. The statistics agency’s Compendium...

Investing

BT staff have voted for their first national strike in 35 years, which is expected to affect customers across the country having broadband services...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.