SENATOR Cynthia A. Villar is banking on President Ferdinand R. Marcos Jr. to frontload signing into law a Congress-approved bill condoning loans of farmers and agrarian reform beneficiaries .
The bill, already passed by both houses of Congress, emanated from the Senate Committee on Agriculture, Food and Agrarian Reform that Villar steers as chairman. The bill includes a key provision to condone all principal and interests of loans from the award of agricultural lands under the Comprehensive Agrarian Reform Program.
The inclusion of the remaining P43.057-billion loan would take effect upon submission by the LBP and the Department of Agrarian Reform of details of the indebtedness to government of the 346,432 ARBs, tilling 763,894.66 hectares of agrarian reform lands. “This bill seeks to help alleviate the plight of ARBs, who are farmers; for them to recover and overcome the fallout of the Covid-19 crisis, the devastating African swine fever, the ongoing avian influenza, the increasing cost of fertilizer, fuel and other farm inputs and climate change,” Villar added.
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