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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 1243 -
MASSIVE PALAY PROCUREMENT DRIVE |
Ministry of Agriculture
National Food Authority
Central Bank of the Philippines
All concerned
I, FERDINAND E. MARCOS, by the powers vested in me by the Constitution do hereby order the following:
1.
The National Food Authority shall procure about 15% of total palay
production at the mandated support price in order to create an
attractive market for farmers especially during the main
harvest.
2. The
Executive Committee shall draw up and implement in time for the 1982
main harvest together with the National Food Authority and the Ministry
of Agriculture, a comprehensive procurement program complete with the
necessary logistic, credit and infrastructure to achieve the foregoing
objective.
3. The Central
Bank Governor shall determine and arrange for such credit lines as may
be necessary for this massive procurement drive from the Philippine
National Bank, Land Bank, Development Bank of the Philippines and
private commercial banks.
4. The
Ministry of Agriculture and the National Food Authority shall draw up a
concrete program to accelerate the procurement tie-up with organized
farmer's group with the objective of supplying as much of the total
amount procured possible under this marketing arrangement.
Done in the City of Manila, this 21st day of May, nineteen hundred and eighty-two.
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Since 19.07.98.
