Coconut Farmers Trust Fund Act

Senate Bill No. 669: Coconut Farmers’ Trust Fund Act

For more than forty years, the coconut farmers have long been fighting for their rights – not just to have access to the Coco Levy – but their right to have the opportunity to develop their industry, and provide better lives for their families and communities as well.

The immense potential of the coconut industry to be a great contributor to the Philippines is largely untapped. With the advancement of farming technology and intercropping, there is a huge possibility to harness the coconut industry to address increasing demands and offer coco fiber, water, and oil, among others to new markets.

It is high time to change its narrative from one of the poorest sector in the country to a great economic driver and source of pride of the Filipino people.

This bill proposes to build the Coconut Levy Trust Fund for the growth of the industry and ultimately, for the benefit of the small coconut farmers and workers all over the country.

The proposal includes the financing of programs for the increased productivity of coconut farms, capacity building of farmers, research and development of coconut-based enterprises, and implementation of poverty-alleviation programs.

The goal is to rehabilitate and revitalize the industry to stimulate production and attract investments that will make it again a viable, profitable and sustainable endeavor. The proposal seeks to modernize the farmers and stakeholders to make coconut production globally competitive and become a vital source of economic income for the country.

The challenge of inclusive growth is that as the Philippines grows, every Filipino should grow as well. This means that every family, every sector, and even the poor and marginalized should be able to experience this growth.

It is thus urgent and important to provide coconut farmers the enabling environment and proper opportunity to thrive and flourish and be able to participate in building this nation.

In view of the foregoing, immediate passage of this bill is earnestly sought.


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Sen. Bam Supports Coco Levy Trust Fund Act Filed by Farmers

Senator Bam Aquino expressed support behind a measure filed by several farmer organizations through a petition for Indirect Initiative that seeks to create a trust fund from the P73-billion coco levy fund for the development of the coconut industry.

Aquino personally joined members of the Koalisyon para sa Ugnayang Magniniyog or KILUS-Magniniyog as they filed Coconut Farmers Trust Fund Act with Senate Secretary Oscar Yabes.

Section 3 (b) and Section 11 of Republic Act 6735 or the “The Initiative and Referendum Act” allows people to submit legislative measures to Congress for action through indirect initiative.

Aquino stressed that the coco levy fund should not be left idle and instead should be fully utilized for the development of coconut farmers, who are among the poorest of the poor in the country.

“We’re hoping that the fund will be used for the development of the coconut industry and the farmers,” said Aquino, chairman of the Committee on Trade, Commerce and Entrepreneurship.

According to the Department of Agriculture’s Bureau of Agricultural Statistics (BAS), the average net income of an agricultural household in the Philippines is at least Php61,000 per year or just a little over Php5,000 per month.

However, Aquino said coconut farmers are earning just between P16,842 to P23,000 per year.

The Supreme Court earlier declared the coco levy fund belongs to the government and should be used for the welfare of coconut farmers.

The measure filed by coconut farmers aims to use the recovered coco levy funds to develop the country’s coconut industry and benefit small coconut farmers.

Through the trust fund, marginalized coconut farmers will be assisted in developing coconut-based enterprises that can compete in the global market.

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