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HOUSE Speaker Ferdinand Martin G. Romualdez on Sunday said a proposal that could help lower food prices and expand agricultural livelihood opportunities for Filipinos now awaits the signature of President Ferdinand R. Marcos, Jr.

The proposed Livestock Development and Competitiveness Act would help boost the domestic production of pork, chicken and dairy products by helping modernize agricultural supply chains and providing support to small farmers, Mr. Romualdez said.

鈥淭his measure brings us closer to what every Filipino family deserves: affordable, safe food on the table and meaningful livelihood for those who feed the nation,鈥 he said in a statement.

Congress earlier approved the bicameral conference committee report of the proposed law, which was pushed in hopes of industrializing the country鈥檚 agriculture sector and providing employment.

鈥淭hrough this measure, we鈥檙e creating the conditions for sustained rural development,鈥 said Mr. Romualdez. 鈥淛obs will follow where there is investment.鈥

鈥淲ith the President鈥檚 signature, this game-changer law will become a powerful tool for economic inclusion, grassroots empowerment and national food resilience,鈥 he said. 鈥 Kenneth Christiane L. Basilio