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NFA resumes corn acquisition in Kalinga for 2014 cropping
Larry Lopez
Business, 4-13-2014

TABUK CITY, Kalinga – Corn farmers in the province can earn higher income with the resumption of corn procurement by the National Food Authority.

Procurement will now also include yellow corn said NFA-Kalinga Assistant Manager Ric Baliang.

Harvest of corn in the province is at its peak this month.

NFA buys corn for P12 per kilo while private traders buy it at P9 to 12 per kilo.

Baliang said NFA’s corn procurement program aims to stabilize corn prices in the market and to protect farmers from private traders.

Under its quality control, NFA buys corn that passes the three percent allowed damage rate for storage requirements.

Quality control rate maybe high but this is attainable because solar drying is not a problem with the good weather this dry cropping, Baliang said.

Previously, NFA buys only white corn for human consumption but now it has included yellow corn as material in feeds production.

NFA is increasing procurement of yellow or white corn varieties as its way of helping corn farmers.

White corn is the second most important crop next to rice.

Due to the increasing production of corn, Philmaize, a group of corn farmers has recently requested the NFA to allow them to export corn.

Last year, the Philippines began exporting corn as cattle feed to South Korea.

For 2014, the national corn program targets to produce at least 8.4 million metric tons.

The NEA has also established a corn development fund, which provided that the proceeds accruing from the importation of corn will be held in trust by the NFA to be used for corn development projects.

The net proceeds accruing from corn importation in 1998 amounted to P124.1 million and was made the seed capital of the CornDev Fund.

A Corn Development Fund Committee was also created to administer the use of the fund. It is composed of two representatives from the corn producers sector, two representatives from the corn users sectors and three representatives from the government sector. The committee is headed by the NFA administrator, as chair.

CDF has funded 69 corn-related projects, involving P124.1M, and with fund balance of P135.5M as of June 30, 2010.

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