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Loan condonation seen to boost Bicol farmers' productivity

LEGAZPI CITY - The Department of Agrarian Reform in Bicol (DA-5) is expecting farmers' productivity to improve with President Ferdinand Marcos Jr.'s plan to provide debt relief to agrarian reform beneficiaries (ARBs) by condoning payments on loans and providing a one-year moratorium on the payment of amortization. In a statement on Monday, Rodrigo O. Realubit, officer-in-charge of DAR-Bicol, expressed support for Secretary Condrado Estrella III's initiative in pushing for the President's plan. "We are behind our secretary in pushing for the initiatives of the President for agrarian reform beneficiaries (ARBs). We have readied all documents and statistics needed should the Congress and the Senate ask for them," Realubit said. He praised the loan condonation program as a "good strategic move", saying it will provide the much-needed relief to the ARBs as they can now use the money supposedly for land amortization, to invest in farm production instead. D ....

Camarines Sur , Masbate City , Camarines Norte , Gerard Buensalida , Barangay Cagmanaba , Ferdinand Marcos Jr , Rodrigoo Realubit , Torribio Biag , Department Of Agrarian Reform In Bicol , Philippine National Police , Armed Forces Of The Philippines , Department Of Environment , Land Bank , Agrarian Reform , President Ferdinand Marcos , Secretary Condrado Estrella , Nation Address , Executive Order , Armed Forces , Natural Resources , Legazpi City The Department Of Agrarian Reform In Bicol Da 5 Is Expecting Farmers 39 Productivity To Improve With President Ferdinand Marcos Jr 39s Plan Provide Debt Relief Beneficiaries Arbs By Condoning Payments On Loans And Providinga One Year Moratorium Payment Amortization Ina Statement Monday , Rodrigoo Realubit , Fficer In Charge Of Dar Bicol , Xpressed Support For Secretary Condrado Estrella Iii 39s Initiative In Pushing The President Plan Quot We Are Behind Our Initiatives Of Agrarian Reform Beneficiaries Arbs Have Readied All Documents And Statistics Needed Should Congress Senate Ask Them , Uot Realubit Said He Praised The Loan Condonation Program Asa Quot Good Strategic Move , Aying It Will Provide The Much Needed Relief To Arbs As They Can Now Use Money Supposedly For Land Amortization ,

72K Bicol farmers to benefit from loan condonation plan

(Photo courtesy of DAR-5) LEGAZPI CITY - At least 72,288 farmers in the Bicol region will benefit from President Ferdinand Marcos Jr.'s plan to provide debt relief to agrarian reform beneficiaries (ARBs) by condoning payments on loans and providing a one-year moratorium on the payment of amortization. Gerard Buensalida, Department of Agrarian Reform (DAR) spokesperson, said on Saturday he expects more ARBs to avail of the loan condonation. "Since our agency's program in land distributions is continuously being conducted, we are expecting also an increase in the number of ARBs who will avail of the loan condonation," Buensalida said in an interview. Based on the data provided by the Land Bank of the Philippines, Camarines Sur has the biggest number of ARBs with loans at 32,026, followed by Albay (14,143), Sorsogon (10,971), Camarines Norte (9,230), Masbate (5,495), and Catanduanes (423). Rodrigo Realubit, DAR 5 (Bicol) director, said in a statement on Friday that the p ....

Camarines Sur , Masbate City , Camarines Norte , Rodrigo Realubit , Gerard Buensalida , Barangay Cagmanaba , Ferdinand Marcos Jr , Torribio Biag , Agrarian Reform Program , Land Bank , Department Of Agrarian Reform , President Ferdinand Marcos , Agrarian Reform , Nation Address , Republic Act , Comprehensive Agrarian Reform Law , Comprehensive Agrarian Reform Program , Hoto Courtesy Of Dar 5 Legazpi City At Least 72 , 288 Farmers In The Bicol Region Will Benefit From President Ferdinand Marcos Jr 39s Plan To Provide Debt Relief Agrarian Reform Beneficiaries Arbs By Condoning Payments On Loans And Providinga One Year Moratorium Payment Of Amortization Gerard Buensalida , Epartment Of Agrarian Reform Dar Spokesperson , Aid On Saturday He Expects More Arbs To Avail Of The Loan Condonation Quot Since Our Agency 39s Program In Land Distributions Is Continuously Being Conducted , E Are Expecting Also An Increase In The Number Of Arbs Who Will Avail Loan Condonation , Uot Buensalida Said In An Interview Based On The Data Provided By Land Bank Of Philippines , Amarines Sur Has The Biggest Number Of Arbs With Loans At 32 , Ollowed By Albay 14 , Orsogon 10 ,