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PROS
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NFA will lose their control in the importation of rice in the Philippines which will address the rice shortage problem.
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Low retail prices for consumers as it allows no limit in terms of the volume which will eventually stabilize the price.
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From the tariffs, funds will be given to support local farmers.
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In the long run, the Philippines will be able to improve the mechanics and productions in 6 years time from the funds that will be collected.
CONS
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No earnings are being given to the farmers which forces them to sell their land for the lack of support.
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Rice farming has not mechanized and improved.
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Due to the allowing of importations, the Philippines have opened up the importation of other commodities such as livestock and get no benefit from it.
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