New Agrarian Emancipation Act: A Grateful Relief for Farmers
In a momentous move, the Senate has granted a ray of hope to struggling farmers by approving the “New Agrarian Emancipation Act.” Sponsored by Senator Cynthia Villar, this act aims to alleviate the burden of unpaid debts on agrarian reform beneficiaries (ARBs) under the Comprehensive Agrarian Reform Program (CARP). With its passage, farmers can finally breathe a sigh of relief, thanks to the Senate’s empathetic approach toward their plight.
Overview of the Act
The “New Agrarian Emancipation Act” is a beacon of hope for 610,054 ARBs who are grappling with mounting debts on their agricultural lands. Covering an extensive 1,173,101.574 hectares of farmland, this act seeks to condone all loans, including interests, penalties, and surcharges, arising from lands awarded under CARP. Its passage represents a giant stride towards social justice and empowerment for our farming communities.
Coverage and Benefits
The act helps two types of farmers. Firstly, it assists those with outstanding debts related to land reforms at the Land Bank of the Philippines. Secondly, it supports farmers who have had difficulty paying off their loans. The Department of Agrarian Reform (DAR) will provide certificates of condonation, allowing these farmers to receive ownership rights to their land. Additionally, they won’t have to pay estate taxes, creating new opportunities for their families.
President’s Signing and Impact
President Ferdinand Marcos Jr. signed the ‘New Agrarian Emancipation Act’ into law as Republic Act No. 11953. This landmark law proves this new administration’s support for farmers and their dreams. It forgives a significant debt of P57.5 billion, benefiting 610,054 farmers who cultivate 1,173,101.57 hectares of land. With this financial relief, farmers can now rejuvenate their farms, increase productivity, and contribute to the nation’s agricultural economy. This act not only frees farmers from debt but also marks the beginning of a brighter future for them.
This legislative milestone, known as the ‘New Agrarian Emancipation Act,’ promises to be a game-changer for our farming communities. It empowers farmers, the backbone of our nation, with newfound financial freedom. The act expresses the Senate’s gratitude for farmers’ hard work and unwavering spirit in cultivating our nation’s lands. Together, we strive for a brighter, more inclusive agricultural landscape.
