“Coconut farmers who are registered are the ones who can avail the
assistance from the government through the Trust Fund, that is why they need to
register,” the chair of the Senate committee on agriculture and food said.
The government has PHP8 billion deposited in bank under the coco
levy fund, including the PHP30 billion worth of assets that will be used to
finance the program meant to assist families of coconut farmers.
The amount will be used for shared facilities program, scholarship
program, empowerment of coconut farmer organizations and their cooperatives,
and farm improvements.
The government will also include in the General Appropriations Act
PHP10 billion a year to fund the construction of infrastructure program like
farm-to-market roads, planting and replanting, intercropping, shared
facilities, research and development, fertilization, new products and
marketing, and credit through Land Bank of the Philippines and Development Bank
of the Philippines.
The Coconut Farmers and Industry Development Act is one of the
priority legislative measures pushed by President Rodrigo Duterte during his
State of the Nation Address.
Once signed by the President, it will take about six months before
the new law is fully implemented and expected to benefit about 3.5 million
coconut farmers.
Villar, who was in this city Saturday, urged coconut farmers in
poverty-stricken Eastern Visayas region not just to focus on copra, considering
its unstable price in the global market, but also learn to process coconut to
make new product that you can sell in higher price.
From second in 1997 to 2011, the region slipped to third rank in
2012 and fourth rank in 2013 among coconut-producing regions in the country.
The devastation of super typhoon Yolanda in Nov. 8, 2013 severely
affected the coconut industry resulting in the region's slip into sixth place
in 2014.
Around 33 million trees were either partially damage or totally
damaged by the super typhoon.
Typhoon Ruby that struck the region in the later part of 2014 also
caused damaged to at least 200,000 coconut trees. (RTA/PNA)
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