NFA prepares MOA for LGU rice loan program

LINGAYEN, PANGASINAN, June 19 — The National Food Authority (NFA)-Western Pangasinan branch has prepared a memorandum of agreement (MOA) for local government units on its rice loan program in preparation for the lean months.

Provincial Manager Beverlyn Peralta said that under the rice loan program, LGUs can purchase rice on credit from NFA whether for relief operations or for stockpiling for distribution during relief operations or for its rehabilitation project/program.

“It is designed to cushion the impact of various calamities that may hit the country and will ensure the LGU’s priority access to NFA rice for its immediate relief distribution operations,” Peralta said.

The NFA Provincial Office, she said, shall sell rice on credit to LGU subject to approval upon submission of the requirements as stipulated in the MOA.

Responsibilities of the NFA and the concerned LGU are specified in the MOA which states the terms and conditions in the issuance as well as the withdrawal rules and payment of stocks. The MOA is renewable every year.

The price of rice shall be based on the NFA consumers’ price as indicated in the latest selling price bulletin (SPB), Peralta added. (ANL/VHS/PIA 1-Pangasinan)

NFA prepares MOA for LGU rice loan program
By Venus May H. Sarmiento

LINGAYEN, Pangasinan, June 18 – The National Food Authority- Western Pangasinan branch has prepared a memorandum of agreement for local government units on its Rice Loan program in preparation for the lean months.

Provincial Manager Beverlyn Peralta said under the Rice Loan Program, LGUs can purchase rice on credit from NFA whether for relief operations or for stockpiling for distribution during relief operations or for its rehabilitation project/program.

“It is designed to cushion the impact of various calamities that may hit the country and will ensure the LGU’s priority access to NFA rice for its immediate relief distribution operations,” Peralta said.

The NFA Provincial Office, she said, shall sell rice on credit to LGU subject to approval upon submission of the requirements as stipulated in the MOA.

Responsibilities of the NFA and the concerned LGU are specified in the MOA which states the terms and conditions in the issuance as well as the withdrawal rules and payment of stocks. The MOA is renewable every year.

The price of rice shall be based on the NFA Consumers’ Price as indicated in the latest Selling Price Bulletin (SPB), Peralta added. (ANL/VHS-PIA 1 Pangasinan)

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