THE Department of Agriculture (DA) said the increase in the proposed allocation for farm-to-market roads (FMRs) to P33 billion for 2026 would be a “game-changingTHE Department of Agriculture (DA) said the increase in the proposed allocation for farm-to-market roads (FMRs) to P33 billion for 2026 would be a “game-changing

DA calls boost to road funding ‘game-changing’

THE Department of Agriculture (DA) said the increase in the proposed allocation for farm-to-market roads (FMRs) to P33 billion for 2026 would be a “game-changing investment” in farm productivity.

The spending plan approved by the bicameral conference committee will increase funding for FMRs from the P16 billion initially proposed under the 2026 National Expenditure Program.

The DA said the funding will expand road access to more farming communities and boost agricultural and countryside development.

Starting next year, the DA will take over supervision of FMR projects from the Department of Public Works and Highways (DPWH).

“The transition is meant to streamline implementation and better align road construction with the needs of farmers and agricultural producers,” the DA said in a statement.

Agriculture Secretary Francisco P. Tiu Laurel, Jr. was quoted in the statement as saying that the DA could deliver FMR projects at about 20% lower cost than the DPWH’s average of P15 million per kilometer, potentially allowing the construction of more roads.

“With a P33-billion budget, we can build about 2,750 kilometers of farm-to-market roads that will lower production and transport costs, raise farmer incomes, and help bring down food prices for consumers,” Mr. Laurel said.

The DA said it is strengthening its engineering capabilities, consulting with local government units and national agencies, and encouraging public participation to ensure projects meet technical standards and are completed on time.

It has also established a new office to oversee agriculture infrastructure projects and is rolling out a digital monitoring portal that will allow the public to track progress in real time.

Senate President Pro Tempore Panfilo M. Lacson has queried the proposed list of FMR projects, asking whether any of the expanded funding was the result of budget insertions by legislators.

The DA said it will only implement “properly vetted and justified” FMR projects.

The DA’s national FMR roadmap identifies the need for 131,000 kilometers of rural roads, more than 60,000 kilometers of which remain unbuilt. The DA said that at current budget levels, completing the network could take at least 21 years. — Vonn Andrei E. Villamiel

Market Opportunity
Boost Logo
Boost Price(BOOST)
$0.00277
$0.00277$0.00277
-2.70%
USD
Boost (BOOST) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

What Changes Is Blockchain Bringing to Digital Payments in 2026?

What Changes Is Blockchain Bringing to Digital Payments in 2026?

Online services begin to operate as payment ecosystems. Whole industries restructure how they interact with users by combining infrastructure under a single interface
Share
Cryptodaily2025/12/23 00:39
UK Looks to US to Adopt More Crypto-Friendly Approach

UK Looks to US to Adopt More Crypto-Friendly Approach

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…
Share
BitcoinEthereumNews2025/09/18 02:21
Gold continues to hit new highs. How to invest in gold in the crypto market?

Gold continues to hit new highs. How to invest in gold in the crypto market?

As Bitcoin encounters a "value winter", real-world gold is recasting the iron curtain of value on the blockchain.
Share
PANews2025/04/14 17:12