Quezon City, March 3 --- The Department of Agriculture-Philippine Coconut Authority (DA-PCA) met with various coconut farmer group leaders to discuss the Coconut Farmers and Industry Trust Fund Act or RA 11524, on March 3, 2021 through a virtual meeting.
With the decades-old problems our coconut farmers, industry stakeholders, and the industry have been facing, the Department of Agriculture-Philippine Coconut Authority (DA-PCA) has embarked on a transformation journey to become a more efficient and credible organization that is responsive and proactive to the needs and issues confronting the coconut industry.
After decades-long of waiting, last February 26 (Friday), President Rodrigo Duterte signed into law the landmark Republic Act No. 11524, otherwise known as the Coconut Farmers and Industry Development Trust Fund Act. This law prescribes the management and utilization of the coco levy fund, the tax exacted from farmers during the Marcos Administration from 1971 to 1983 currently deposited in the national treasury, and assets acquired through the said fund for the benefit of the coconut farmers and development of the coconut industry. With this, the Department of Agriculture-Philippine Coconut Authority (DA-PCA) braces itself to face new and enormous challenges of effectively implementing the law that aims to consolidate the benefits due to coconut farmers and sustain the development of the coconut industry.