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(MB FILE, Keith Bacongco) According to the agriculture chief, the enactment of the law will pave way for the efficient use of the P100-billion coconut levy fund to uplift the livelihood of millions of farmers and sustain the development of the country’s coconut industry. “On behalf of millions of coconut farmers and their families, we thank President Rodrigo Roa Duterte and our distinguished legislators for their continued guidance and strong support to revitalize the coconut industry,” Dar said. Dar’s statement came after KILUS Magniniyog (KM), composed of thousands of coconut farmer...

Published February 9, 2021, 5:30 PM The proposed Coconut Farmers and Industry Trust Fund Act or Coco Levy Act, which will pave the way for the release of the P100-billion coco levy fund, is just awaiting the signature of President Rodrigo Duterte. Business Bulletin learned that the copy of the Coco Levy Act has already been sent to Malacañang Palace. (MB FILE, Keith Bacongco) This was after weeks since House decided to adopt Senate Bill (SB) 1396 as an amendment to House Bill (HB) 8136, which will both pave the way for the release of the coco levy fund — the taxes imposed on coconut farmer...

Published December 19, 2020, 5:00 AM Amid growing opposition against the proposed Coconut Farmers and Industry Trust Fund (Coco Levy Act), which will pave the way for the release of the P100-billion coco levy fund, Agriculture Secretary William Dar has made an appeal to coconut farmers to give the law a chance. Agriculture Secretary William Dar (Photo credit: https://www.da.gov.ph/) This was Dar’s reaction to coconut farmers’ call for President Rodrigo Duterte to veto the proposed Coco Levy Act if ever it makes it through the bicameral process without addressing the concerns of the far...

Published December 17, 2020, 6:00 AM On the anticipated release of the P100-billion coco levy fund, another veto is coconut farmers’ last hope after the House version of Coconut Farmers and Industry Trust Fund (Coco Levy Act) was passed on third and final reading and turned out to be “worse than the Senate version of the law”.   That, if President Rodrigo Duterte will not intervene before the law gets through the bicameral, where both houses of Congress will consolidate two versions of Coco Levy Act.   (MB FILE, Keith Bacongco) “I called the staff of Congressman Mark Enverga [Quezon...

Published December 14, 2020, 5:00 AM            Coconut farmers are questioning some provisions of the Coconut Farmers and Industry Trust Fund Act (Coco Levy Act) such as the annual allocation of portions of the P100-billion coco levy fund to several government agencies, some of which have had no participation in coconut industry development at all.            In a press briefing, Joey Faustino, leader of the Coconut Industry Reform Movement, said coconut farmers are appealing to junk the Senate Bill (SB) 1396 or the Coco Levy Act in fear that they may totally lose the cha...