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Discontent remains over coco levy law


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. ....

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Coco Levy Act to benefit 3.5 million Filipino farmers, spur dev't of PH coconut industry – Manila Bulletin


Published March 1, 2021, 11:43 AM
Boosting the local coconut industry and helping Filipino coconut farmers are the main goals of the Coco Levy Act.
The Coconut Levy Act that President Duterte recently signed, and which seeks to create a trust fund for coconut farmers through the sale of assets procured through the coco levy fund, would benefit the country’s 3.5 million coconut farmers from 68 coconut producing provinces, who have owned no more than five hectares for the last 10 years, said Sen. Cynthia A. Villar, chairperson of the Senate Committee on Agriculture and Food. 
Senator Cynthia Villar, the principal sponsor of Senate Bill No. 1396, hopes that the “Coconut Farmers and Industry Trust Fund Act” will resolve the decades-old issue surrounding the coco levy fund. ....

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Press Release - Villar: Coco Levy Act to benefit 3.5M Filipino farmers and spur the development of our coconut industry


Press Release
March 1, 2021
Coco Levy Act to benefit 3.5M Filipino farmers and spur the development of our coconut industry
President Rodrigo Duterte s signing into law of a measure that seeks to create a trust fund for coconut farmers through the selling of assets procured through the coco levy fund would benefit the country s 3.5 million coconut farmers from 68 coconut producing provinces owning not more than five hectares, for the last 10 years said Sen. Cynthia A. Villar
The coconut farmers are the poorest in the country. They earn only about P1,500 a month. This fund which rightfully belongs to the coconut farmers, should be plowed back to them for their own direct benefit, also said Villar, chairperson of the Senate committee on Agriculture and Food. ....

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