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Farmers want representation in Coco Levy Trust Fund committee mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Farmers pushing for more say in coco levy benefits distribution bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
New PCA Board outlines priorities visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.
Published March 4, 2021, 12:19 AM President Duterte last Friday signed Republic Act 11524 creating the “Coconut Farmers and Industry Trust Fund,” using some P75 billion known as “coco levy funds” generated from taxes collected from coconut farmers, millers, refiners, exporters, and other sectors of the coconut industry during the Marcos administration. The coconut farmers were taxed through various laws and levies through presidential decrees during the martial law years, The government collected P15 to P20 per P100 earned by the farmers in their sale of copra. By 1982, the coco levy funds amounted to P70 billion. The funds were supposed to be used to develop the coconut industry, but they were instead invested in various companies of Marcos cronies, including big oil mills. Coco farmers’ protests grew and became part of the growing anti-Marcos movement in the countryside. ....
The Philippine Coconut Authority (PCA) will request an additional budget from the Department of Budget and Management (DBM) to fulfill some of its deliverables under the Coco Levy Act or Republic Act (RA) 11524, including the task of providing health and medical protection to coconut farmers. ....