Here's another news that skipped me some time ago. It's been reported by Panay News that there are Negros Farmers that demand to stop sugar importation as well as other agricultural products . It was in Bacolod City which is the sugar capital of the Philippines. What's even more stupid is that the groups also asked for SUBSIDY OF PRODUCTION, CHEAP FERTILIZER AND FARM INPUTS, FREE IRRIGATION, SUBSIDIZING MACHINERY AND EQUIPMENT, and marketing support. This is really nothing more than ECONOMIC IGNORANCE. It's pretty much like the demand for the prices of palay to have a price increase while the finished product has a lower price . If the cost of production is going to be higher then the finished product will have to sell higher. Again, it's just plain ECONOMIC IGNORANCE on the part of these NGOs demanding protectionism as well as a government subsidy. I'm amazed at how often the late Ferdinand E. Marcos Sr. is demonized. What seems to be hardly mentioned is how th...
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