Tarlac planters to receive condonation certificates
by Jonathan L. Mayuga, https://www.facebook.com/, https://www.facebook.com/BusinessMirror/ · BusinessMirror- Jonathan L. Mayuga
- September 30, 2024
- 1 minute read
President Ferdinand R. Marcos Jr. will lead the distribution of 4,663 certificates of condonation with the release of mortgage (COCROM) on Monday at the Eduardo Cojuangco Gymnasium in Paniqui, Tarlac, according to the Department of Agrarian Reform (DAR).
The distribution of the COCROM is mandated by Republic Act (RA) 11953 or the New Agrarian Emancipation Act.
A total of 3,500 agrarian reform beneficiaries (ARBs) of the Province of Tarlac are set to receive their COCROM.
DAR Secretary Conrado M. Estrella III said total debt amounting to P124 million would be condoned for the 3,500 ARBs receiving the 4,663 COCROMs which cover 4,132.1256 hectares of agricultural land, following the provisions of RA 11953.
“The distribution of these certificates is not just about relieving debt that they have carried for years, but also empowering farmers to fully maximize their land’s productivity and improving their lives as Filipino farmers,” Estrella said.
DAR Central Luzon Regional Director James Arsenio Ponce said this scheduled distribution of COCROMs in Tarlac marks the third time such an initiative has been undertaken in the Central Luzon region, with previous distributions in the provinces of Nueva Ecija and Bulacan.
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Jonathan L. Mayuga
Jonathan L. Mayuga is a journalist for more than 15 years. He is a product of the University of the East – Manila. An awardee of the J. G. Burgos Biotech Journalism Awards, BrightLeaf Agricultural Journalism Awards, Binhi Agricultural Journalism Awards, and Sarihay Environmental Journalism Awards.
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