By: Elena Grace Flores
[VIDEO]: Marcos Jr on Agrarian Reform Program: I intend to issue an EO to impose a one year moratorium on the payment of land amortization and interest payments.
Freeing from Debt Burden
President Bongbong Marcos said during his SONA that he is freeing agrarian reform beneficiaries from the debt burden. He condones his existing agrarian reform loan that would cover around P58.125 billion. This will benefit approximately 654,000 farmers. That would involve a total of 1.18 million hectares of awarded lands, he added.
No Obligation to Pay
PBBM said further that agrarian reform beneficiaries who have yet to receive their awarded land will get it without any obligation to pay any amortization. He’s referring to the Comprehensive Agrarian Reform Program. By freeing them from the debt burden, they can channel their distribution to produce and distribute their crops.
Agrarian Reform Beneficiaries
Under Executive Order No. 75, Series of 2019, all government authorities must turn over agricultural lands to qualified agrarian reform beneficiaries. They are the landless war veterans, surviving spouses and orphans of war veterans, and retirees of the Armed Forces of the Philippines. Plus the Philippine National Police. Agriculture graduates who are landless are also included. Heirs of agricultural lands are limited to 5 hectares each. It needs to be clarified if they could qualify for the program.