AFTERMATH A rice discipline is flattened after flash floods hit Tulunan, Cotabato. — WILLIAMOR MAGBANUA
MANILA, Philippines — President Ferdinand Marcos Jr. on Friday unveiled the federal government’s low-interest credit score line that rice farmers can use to purchase seeds, fertilizers, pesticides, and different farm inputs.
On his 67th birthday, the President launched in Nueva Ecija the Division of Agriculture’s (DA) “Agri-Puhunan at Pantawid Program (APP)” and oversaw the distribution of 9,832 certificates of condonation with the discharge of mortgage (Cocrom) protecting P277 million in money owed of land reform beneficiaries.
In his speech in Guimba, Nueva Ecija, throughout the launch of the low-interest credit score facility, the President stated farmers must be acknowledged and aided as they perform their function in making certain meals safety for the nation.
“I’m conscious that regardless of the federal government’s applications, a lot of you might be nonetheless struggling and are pressured to tackle loans with excessive rates of interest simply to purchase seeds, fertilizers and pesticides,” he stated.
He led the distribution of Interventions Monitoring Playing cards to pick rice farmers, which can be utilized to entry low curiosity loans to buy farm inputs and pay for providers from accredited retailers.
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In a later go to to Palayan Metropolis, Mr. Marcos assured farmers that the federal government will proceed selling the welfare, rights and enchancment of the agriculture sector.
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“My solely request is that you simply proceed making your land productive and that you simply be a part of within the efforts to enhance your communities. Allow us to work collectively in enhancing our nation. This fashion, we will all attain our desires,” the President stated.
P3-B seed fund
The APP credit score line has an preliminary funding of P3 billion from the DA and the Improvement Financial institution of the Philippines. The DA additionally signed offers with Planters Merchandise Inc. and the DBP for the implementation of the APP.
The APP will supply a mixture of low-interest loans and a month-to-month subsistence allowance for rice farmers.
For the dry cropping season, the APP will supply credit score strains to farmers and cooperatives behind 50,000 hectares of rice in Luzon. It targets to achieve rice farmers tilling 1.2 million hectares nationwide.
A rice farmer tilling one hectare of farmland will obtain P58,000. This features a P8,000 month-to-month subsistence allowance to be given for 4 months, and a P14,500 authorities subsidy per hectare.
In an announcement, Agriculture Secretary Francisco Tiu Laurel stated the APP program is a part of the federal government’s measures to “make farming extra bankable, appeal to extra and greater investments, nurture a brand new era of farmers by uplifting their dwelling situations and guarantee nationwide meals safety and sustainability within the Philippines.”
After the launch of the APP, Mr. Marcos then visited Palayan Metropolis the place he led the distribution of 9,832 Cocroms to over 6,000 land reform beneficiaries.
The certificates lined P277 million in money owed of agrarian reform beneficiaries farming 10,450 hectares of land within the province.
‘Mere scrap of paper’
The mortgage condonation is remitted by legislation below Republic Act No. 11953, or the New Agrarian Emancipation Act, which Mr. Marcos signed final yr.
The distribution of Cocroms goals to “erase all unpaid principal amortizations, pursuits, and surcharges on agricultural lands awarded below the federal government’s agrarian reform program,” in line with the Division of Agrarian Reform (DAR).
The DAR additionally distributed P41 million in agri-credit checks to 480 land reform beneficiaries representing 12 agrarian reform organizations.
However the Kilusang Magbubukid ng Pilipinas (KMP) dismissed the federal government’s debt condonation program as a “mere scrap of paper.”
The KMP stated, in an announcement, that “Cocroms aren’t even land titles, and even farmers in possession of land titles may be ejected from the land.”
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“So long as land monopoly stay and haciendas exist, there can be no real emancipation of farmers and ARBs (agrarian reform beneficiaries). Real land reform will persist as a simply and democratic demand of Filipino farmers,” stated Danilo Ramos, chair of KMP.
