The VII National Congress of Rice Growers held in 1960, began the formation of what later became the great support of farmers for the development of Research, technology transfer and commercialization of the crop and established a voluntary quota for Fomento Arrocero equivalent to five cents for each kilo of paddy rice harvested and produced by its affiliates. This collection, whose base did not exceed ten percent (10%) of total production, was received until 1964.
This initial decision of the Rice event, led the Congress of the Republic to issue Law 101 of 1963, by means of which it created with a parafiscal nature and mandatory compliance for all cereal farmers, the Rice Development Quota and empowered the National Federation of Rice Producers to receive it directly from the entities that will buy or benefit the grain. Likewise, in 1964 the government promulgated Decree 1649 by means of which it regulated Law 101 and the collection of funds began.
Twenty years later, Law 101 was modified by Law 67 of 1983, establishing as the Rice Development Quota 0.5 percent of the sale price of each kilogram of rice, a percentage that still remains in force.
Law 67 of 1983 regulated by Decree 1000 of 1984, established the National Rice Fund and determined that the resources of said Fund be applied to the execution or financing of research programs, technology transfer, commercialization, in harmony with the goals and policies drawn up by the rural sector and agricultural activity within the National Development Plan, in such a way that benefits are achieved for both producers and national consumers.