Agriculture Reference
In-Depth Information
Law
Effective date
Mandate
Objectives
Power
scope
PD 4 as amended
September 1, 1972
Formulate and
To determine the floor price for
To institute the quedan system;
Rice, corn,
by PD 699,
May 1975
coordinate a
grains; announce the floor
maintain and manage a
wheat,
PD 1485,
June 1978
program for
price before the start of the
national buffer stock; own
other
and PD 1212
October 1977
grains industry
crop season; procure (or
(or lease) and operate lands,
grains
development.
help the procurement of)
buildings, equipment, and
and their
Stabilize prices
grains to maintain the floor
other properties; enter into
substitutes;
at the producer
price or manage as buffer
contracts including domestic
feedgrains
and consumer
stock to stabilize consumer
and foreign borrowings;
and their
levels
prices; promote organized
oversee and enforce the pro-
substitutes
interrelationships among
visions of RA 3015; order
components of the industry;
the seizure of stocks and
introduce more efficient post-
facilities in case of hoarding;
harvest technologies; and
establish and enforce
perform other functions to
standards and codes of
carry out the Act, including,
practice; coordinate
but not limited to, develop-
activities of the govern-
ment of grains and estab-
ment agencies engaged in
lishment of grain processing,
research and promotion of
handling, storage, and trans-
measures on grains; depu-
port facilities
tize government officials to
assist in carrying out its
functions; register, license,
and supervise warehouses
and mills engaged in grain
business; establish rules
and regulations on grain
imports and exports,
directly import and export,
or allocate import and
export quotas; and create
and establish subsidiaries
 
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