It would compute, he said, the rise in share prices of a publicly listed agri company now building metropolitan subways. The year 2019 was an “annus horribilis” for the agriculture sector, a truly horrible year. It lent P21.6 billion to agriculture overall, which meant directing most of that amount to agri-businesses and allocating a token amount for small farmers and agrarian reform beneficiaries. The money pool from the rice tariffs, under the law, was to be used supposedly for an amelioration program for rice farmers. Hog prices dropped to P75 per kg and that was the average price until early December.

Source: Manila Times December 31, 2019 16:52 UTC