Robredo vows to return coco levy fund to farmers if elected President

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Robredo vows to return coco levy fund to farmers if elected President
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ICYMI: Vice President and 2022 presidential aspirant Leni Robredo promised that if elected President, she will address the injustice against the millions of coconut farmers and distribute the controversial multi-billion pesos coconut levy fund to them.

“The objectionable part for me is that representation of farmers there in the management of the fund was inadequate. But there is much representation for the government,” she noted.

Under RA 11524, a Coconut Farmers and Industry Development Plan is to be crafted by the Philippine Coconut Authority . Marcos appointed Cojuangco to become head of the PCA, the government agency tasked to collect and manage the collected tax that funded the acquisition of the United Coconut Planters Bank, San Miguel Corporation, oil mills, among many other businesses.

“Amidst the hardship caused by the COVID-19 pandemic, the slow implementation of the law that is supposed to benefit small coconut farmers makes life more difficult at this juncture,” he said.“See if there are needed reforms to make it more responsive to the long-standing demand of coconut farmers for justice,” he appealed.

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