Importation is not a good option. It's one way of killing off the source of living of farmers so a certain family can buy the farmlands at a very low cost so that they can convert it to residential/commercial properties and sell them at least 10X the original price... oh... if memory serves me right, they are also doing the importation.
Your second option is a viable solution to drop the prices of rice down... maybe not exactly P20, considering the global crisis caused by the Rusi-Ukraine war, but probably close to P30 per kilo or lower.
I believe in strengthening the farmer's cooperatives, and totally getting rid of the middle traders. (that alone will probably cut down the price by about 20% to 40%). Then with the support of the government by providing adequate irrigation (I believe that will cut the cost of fuel for the water pump).
Cheap (or free, if possible) fertilizers.
I believe it can be done by any President. And could have been done a long time ago, as long as whoever the President is, will not be manipulated by their "sponsors" during the election.
I believe the farmers play a vital role in our country's economy. If they are properly supported and empowered, soon we will not be importing rice anymore but rather exporting them.
Yes it seems that people do really understand what needs to be done, but there seems to be a disconnect between ideas and actual implementation. It doesn't trickle down to where it should be. And that is just sad.
That's the sad reality...
Another sad thing is... people tend to blame everything to the government... especially the President. But what about the people secretly pulling the strings?