PCCI urges gov't focus on food security, streamlining permits 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.
Less than two weeks before the deadline of mass registration of coconut farmers, the Philippine Coconut Authority (PCA), the lead agency tasked to implement the Coconut Farmers and Industry Trust Fund Act or Coco Levy Act, is now 41 percent complete in the validation of the National 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.