The Daily Tribune
DAR condones P57.798-million agrarian debts
A total of 1,483 agrarian reform beneficiaries (ARBs) from Bulacan, Aurora, and Bataan have been freed from debts totaling P57.798 million for agricultural lands they received under the agrarian reform program.
Senator Imee Marcos personally handed over 1,792 Certificates of Condonation with Release of Mortgage (CoCRoMs) covering 719.607 hectares of farmland.
The debt relief initiative is part of Republic Act 11953, or the New Agrarian Emancipation Act, signed in July 2023.
This law mandates the condonation of all unpaid principal amortizations, interest, and surcharges on agricultural lands awarded under the Comprehensive Agrarian Reform Program.
Senator Marcos acknowledged the decades-long struggles of ARBs with agrarian reform-related debts and encouraged them to seize this opportunity for improvement, assuring continued government support.
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The government has condoned over PHP88.8 million in loans, debts, and interest for 3,296 agrarian reform beneficiaries (ARBs) in the Bicol Region.
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President Ferdinand Marcos Jr. led the distribution of Certificates of Condonation with Release of Mortgage (COCROMs) and Certificates of Land Ownership Award (CLOA) to agricultural reform beneficiaries (ARBs) in Isabela, condoning P1,152,916,073 in agrarian reform debts for 21,496 farmer beneficiaries.
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