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Duterte signs law creating trust fund for coconut farmers


(MB FILE, Keith Bacongco)
Under Republic Act No. 11524, the government will dispose of P75-billion worth of coco levy assets in the next five years to establish a trust fund for the benefit of the coconut farmers and development of the industry. The new law, also known as the “Coconut Farmers and Industry Trust Fund Act,”  is expected to benefit coconut farmers who own not more than five hectares of coconut farm.
The coconut levy funds refer to the funds generated from the taxes imposed on coconut products and collected from coconut farmers, millers, refiners, exporters, and other end-users decades ago. ....

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