LATEST PUBLICATIONS
PB2020-06
Legislating Fiscal Responsibility
CN2020-01
NAVIGATING THE HEADWINDS TO SUSTAIN ECONOMIC GROWTH 2019 ECONOMIC PERFORMANCE AND 2020 ECONOMIC PROSPECTS
PB2020-05
A RISK ASSESSMENT ON THE COVID-19 SITUATION IN THE PHILIPPINES: IMPLICATIONS ON THE ECQ POLICY
PB2020-04
FIGHTING COVID-19: CONCEPTUAL CONSIDERATIONS FOR SHORT-RUN POLICY RESPONSE
Publication Detail
PN 2016-20: Compensatory Payment Scheme for Rice Farmers after Tariffication

In 2017, the special treatment in rice granted to the Philippines that allows the country to maintain its import monopoly will expire. This lifting is expected to result in massive fall in domestic prices, which will reduce farmers' income. This Policy Note assesses the agricultural support options for rice farmers upon the expiration of the special treatment. It identifies decoupled payment, a form of assistance to farmers in their transition to a free market, combined with a 35-percent tariff equivalent as a possible support. Assessment shows that this compensatory transfer scheme can operate at a feasible cost, with 35-percent tariff rate applied. It also finds earmarked rice tariff revenue as a feasible funding strategy to pay for the compensation scheme.

Philippine Institute for Development Studies
Authors Keywords
Briones, Roehlano M.; Tolin, Lovely Ann C.; Philippines; agriculture sector; rice farmers; rice tariffication; direct payment scheme; quantitative restriction;
Download PDF Number of Downloads
Published in 2016 and available in the PIDS Library or can be downloaded as full text Downloaded 1,212 times since November 29, 2016