Preamble
WHEREAS, it is imperative to increase the production of agricultural crops with high nutritive value such as soybeans, mongo, sorghum and other feedgrains and/or their substitutes to meet the continuously growing demand for these commodities for both human and animal consumption; WHEREAS, due to the increase in the cost of production of these agricultural crops, there is a need to support farm prices at a reasonable level to enable the farmers to realize a fair return on their investment; WHEREAS, at present, the determination and importation of the country's requirements for soybeans and soybean meal are being undertaken by private importers who dictate their prices such that farmers and consumers are placed at a disadvantage; WHEREAS, it is necessary for the government to directly undertake the importation of soybeans, soybean meal mongo, sorghum and other feedgrains and or their substitutes in order to assure adequate and continuous supply of these commodities and to stabilize local prices thereof for the benefit of both the farmers and consumers; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the power vested in me by the Constitution do hereby decree and order and make as part of the law of the land the following: