Agri-Agra Reform Credit Act of 2009.

Subject

Agricultural & rural development, Fisheries

Keyword

Credit Agricultural development Family farming Social protection Land reform Agricultural land Policy/planning Subsidy/incentive Institution Court/tribunal Smallholders/peasants Equipment Farming

Geographical area

Asia, Asia and the Pacific, East Asian Seas, North Pacific, South-Eastern Asia

Entry into force notes

This Act enters into force 15 days after its publication in the Official Gazette.

Abstract

This Act establishes an agriculture, fisheries and agrarian reform credit, insurance and financing system in order to improve the productivity of the agriculture and fisheries sectors, particularly the farmers, fisherfolk and agrarian reform beneficiaries, settlers, agricultural lessees, amortizing owners, farm- and fish-workers, owner-cultivators, farmers, agricultural and fisheries cooperatives, organizations and associations, through government and private banking institutions. Agriculture and agrarian reform credit shall consist of loans to finance the following activities not limited to agricultural production, but also to: promotion of agribusiness and exports, acquisition of work animals, farm and fishery equipment and machinery, seeds, fertilizers, poultry, livestock, feeds and other similar items, acquisition of land, authorized under the Agrarian Reform Code of the Philippines and its amendments; construction, acquisition and repair of facilities for production, processing, storage and marketing and such other facilities in support of agriculture and fisheries; and efficient and effective merchandising of agricultural and fishery commodities stored and or processed by the facilities above cited in domestic and foreign commerce.

Full text

English

Website

www.bsp.gov.ph

References - Legislation

Implements

Comprehensive Agrarian Reform Law of 1988 (Republic Act No. 6657).

Legislation | Philippines | 1987

Keyword: Contract farming, Contract/agreement, Agricultural development, Farming, Basic legislation, Land reform, Land tenure, Agricultural land, Policy/planning, Expropriation, Transfer, Subsidy/incentive, Institution, Court/tribunal, Smallholders/peasants, Family farming, Indigenous peoples

Source: FAO, FAOLEX

Repealed by

The Agriculture, Fisheries and Rular Development Financing Enhancement Act of 2022 (Republic Act No. 11901).

Legislation | Philippines | 2022

Keyword: Credit, Agricultural development, Family farming, Social protection, Policy/planning, Subsidy/incentive, Smallholders/peasants, Equipment, Financial agricultural measures, Financing, Fiscal and market measures, Rural employment, Sustainable development, Farming, Environmental planning, Special fund, Enforcement/compliance, Data collection/reporting, Offences/penalties

Source: FAO, FAOLEX