Our Crazy Government

I don't normally write about politics because I try to avoid it as much as possible but I found this article in August 26 of the Inquirer so crazy that I just had to react to it!

The article stated that the government was having to export excess corn production at a loss. The government would buy corn at P10 a kilo from farmers and sell it at P8-9 a kilo to countries like Vietnam. They were doing this to stabilize the price of corn which had gone down so much because of the excess.

Now here I am thinking that's pretty silly because we are losing 1 to 2 pesos per kilo! The government was selling 150,000 metric tons to Vietnam so basically that's a loss of 150 million to 300 million pesos!!! But then I thought, that's ok because if we don't sell it, the corn will just rot in the warehouse. And then I thought that's pretty good because our farmers are producing a lot of corn which means eventually we will be able to export our corn at profits with better planning.

But guess what... The article then states that there was a surplus in corn because we IMPORTED 1.1 million metric tons of corn substitute known as feed wheat!!! This is crazy!!! So our country will lose PHP150m to PHP300m because some guys allowed this feed wheat to be imported.

Any businessman will tell you... Don't freaking import the corn substitute when you have a corn production excess.