‘SIDA Law Designed to Support Farms Structures’
on Fri, 07/28/2017
The Sugarcane Industry Development Act (SIDA) is the first law designed to support the farm structure to become efficient. It was created to overcome the challenges of sugar prices in worst situations, said Congressman Alfredo “Albee” Benitez, 3rd District of Negros Occidental at the Sugar Summit of Mill District Development Council held at the Natures Village Resort and Restaurant in Talisay City on Wednesday, July 26. Theme was “The Strategic Role of Mill District Development Councils in Sugarcane Industry Development”.
The sugar industry is resilient because is has byproducts like sugar, ethanol and bagasse for power supply. The SIDA also provides for increasing the competitiveness of the sugarcane industry, improving the income of farmers and farm workers through improved productivity; product diversification; job generation and increased efficiency of sugar mills. This is intended to achieve economies of scale in the production of sugarcane and attain greater efficiency in production through the effective use of farm machineries and equipment as well as farmhands.
Congressman Albee Benitez said that “so many external problems arise in our sugarcane industry, but we will ensure our industry will be protected. After the SONA of President Rodrigo Duterte we have talked with the Senators and they are reluctant to approve the Tax Reform Bill with the proposal to tax on softdrinks companies that will not pass on the Senate.”
P 6 billion was earmarked as SIDA Fund and yearly it has an appropriation of P1.6 billion which will be spent for infrastructure developments which includes farm to market roads and farm to mill roads among others; P 300 million for grants, benefits, socialized credits, P300 million for Socialized Housing, P300 million for Research and Development and P100 million for Education, Scholarships etc., There will be another P50 billion share of the sugarcane industry out of P650 billion infrastructure fund appropriation of DPWH for the next coming year. This is a clear picture for the sugar industry, Congressman Benitez bared.*