Senate OKs New Agrarian Emancipation bill on final reading

THE SENATE on Monday approved on third and final reading the Malacanang-sponsored New Agrarian Emancipation bill that will condone all loans including interests, penalties and surcharges, arising from the award of agriculture lands under the Comprehensive Agrarian Reform Program as of Dec. 31, 2022.

Over 500K farmers to benefit land amortization payment moratorium

AGRARIAN REFORM Secretary Conrado Estrella III said more than half a million agrarian reform beneficiaries (ARBs) are expected to benefit from the one-year moratorium on payment of land amortization and the corresponding 6 percent annual interest.