Congress pledges to act quickly on bill to reform NFA and reduce food costs

The House of Representatives has pledged to take prompt action on the suggested overhaul of the National Food Authority (NFA) as soon as it is officially sent to Congress. Speaker Ferdinand Martin Romualdez affirmed the proposal as an essential response to the pressing necessity to reduce rice costs, provide assistance to farmers, and establish stability in the nation’s food supply system.

Last week, the Department of Agriculture (DA) delivered the proposal to Malacañang, with the intent of reinstating the NFA’s capacity to intervene in the rice market. This authority would encompass the ability to procure palay (unhusked rice) at competitive rates and uphold sufficient buffer stocks to prevent significant price hikes. The reorganization of the agency would align it with a clearer directive to uphold Filipino farmers’ interests and safeguard consumers.

Romualdez expressed that the proposal showcases a unified objective among members of the House majority coalition. It highlights the prioritization of ordinary Filipinos’ needs, particularly the farmers sustaining the nation and consumers grappling with escalating food prices. The proposal empowers the NFA to acquire palay at equitable farmgate prices, maintain a robust buffer stock system to address price surges due to disasters, hoarding, or market manipulation.

Beyond rice support, the proposal includes provisions for price stabilization, enhanced post-harvest amenities, and improved coordination between the NFA and local governments. This collaboration aims to ensure consistent food availability at the grassroots level. Romualdez underscored that the proposal harmonizes with the governance foundation of the Marcos administration’s Bagong Pilipinas (New Philippines) initiative. The framework is designed to deliver holistic governmental strategies to combat inflation, alleviate poverty, and mitigate supply chain vulnerabilities.

The proposal transcends a mere NFA reform. It embodies a bill rooted in social justice and underscores the state’s unequivocal support for farmers. Moreover, it solidifies protections for citizens against price surges induced by conflict, calamities, or exploitative market practices. In essence, this bill is a testament to the government’s commitment to fortify the agricultural sector and shield the populace against price volatility.