During one of the hearings on the bill, Albay 1st District Rep. Edcel Lagman said allowing the transfer of the land after 10 years for commercial purposes defeats the purpose of the bill, as the land intended by the law to be at the hands of farmers would fall on the hands of business interests.
“I would suggest a longer period and that also, lands covered by the Agrarian Reform Law should not be subject to mortgages. What should be mortgaged should be the products of the land, but not the land itself, because once the farmer fails to pay the mortgage or indebtedness, that would be the end of agrarian reform with respect to the farmers,” he said in the hearing last November 9.
“The children or the spouse and in their absence, the immediate successor in interest, of the transferor shall have a right to redeem the land from the Government or the LBP within the period of two years,” the bill stated.The latest version also took into consideration Lagman’s fears, with specific provisions stating that the land cannot be subject to conversion or mortgage 20 years after the Certificate of Condonation has been given.
GabrielLaluINQ Agrarian Land Reform Law must be reviewed to be revived for productivity & mechanized... to improve land productivity....
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: gmanews - 🏆 11. / 68 Read more »