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The New Agrarian Emancipation Act, officially designated as Republic Act No. 11953, is a bill passed by the 19th Congress of the Philippines and signed by President Bongbong Marcos on July 7, 2023. The law frees more than 600,000 farmers from debt. The Act complements the Aquino-era Comprehensive Agrarian Reform Program, which condones farmers with awarded lands from amortizations, including interest and surcharges. About 610,054 agrarian reform beneficiaries (ARBs) tilling 1,173,101.575 hectares of land are seen to benefit from this law. The Philippine government will pay the remaining balance of the direct compensation due the landowners under the Voluntary Land Transfer (VLT) or the Direct Payment Scheme (DPS) amounting to ₱206.2 million. The law covers ₱57.56 billion in agrarian arrears.
References
- ↑ Republic Act No. 3844 (August 8, 1963), Agricultural Land Reform Code , retrieved May 10, 2021
- ↑ Malaya, J. Eduardo; Jonathan E. Malaya (2004). So Help Us God: The Presidents of the Philippines and Their Inaugural Addresses. Manila: Anvil. p. 203. ISBN 971-27-1486-1.
- ↑ Subsequent legislation includes
- Republic Act No. 6657, approved June 10, 1988
- Republic Act No. 7905, approved February 23, 1995
- Republic Act No. 7907, approved February 23, 1995
- Republic Act No. 8532, approved February 23, 1998
- ↑ Lacsamana, Leodivico Cruz (1990). Philippine History and Government. Quezon City: Phoenix Publishing House. p. 185. ISBN 971-06-1894-6.
