Title:
A Public Policy Review: Evaluating RTL's Effectiveness on Lowering Rice Prices: a Local Perspective from the Countryside of the Philippines

Authors:
Estrada, Derick C, China

Abstract:

This study evaluated the Rice Tariffication Law’s (RTL) effectiveness in lowering rice prices. A sample of 100 respondents was selected through convenience sampling. Data were collected mainly through a questionnaire Google Forms disseminated to the targeted groups. The findings revealed that based on farmers' perspective, RTL has a less significant impact on the reduction of rice prices. The study also revealed the farmers’ view on the main reason why the prices of rice remain high despite the implementation of RTL, and it is because of the high cost of inputs in rice production. The majority of the farmers suggested creating a new policy that focused on government support/subsidies, lowering the price of agricultural inputs, and establishing mechanisms to govern rice cartels to avoid price manipulation. It is recommended that the government should revise the current policies and programs of RTL to address the complexities of the rice market and consider the diverse needs of all stakeholders.

DOI: http://dx.doi.org/10.51505/ijaemr.2023.8602