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NR # 4181
Lastly, the NFSC shall ensure availability and accessibility of food grains, flour, and
other food commodities in the market and shall closely monitor and regulate imports
especially rice and corn.
The bill also seeks to confront challenges in shrinking agricultural lands,
degradation of food resource bases, climate change and reduced food ecosystem and
biodiversity.
Guanlao said these challenges erode the economic viability of farming due to
inadequacies in government support to the agricultural sector in terms of financial, credit,
technological and skills transfer while cuts and abolition of agricultural subsidies have
kept production costs high.
Furthermore, the formation of a Congressional Oversight Committee in the Senate
and House of Representatives shall be established to monitor the implementation of the
Act.
The council shall report regularly to Congress the status of the implementation and
operations necessary for all aspects of its programs, operations, financial status and project
implementation as reflected by the basic reform indicator. (30) nap