The government is reviewing Republic Act 11524, the Coconut Farmers and Industry Trust Fund Act, to consider possible amendments aimed at further developing the coconut industry, President Ferdinand R. Marcos Jr. announced during a visit to a coconut plant in General Santos City.
The proposed changes seek to enhance programs that accelerate coconut planting and expansion, supporting the livelihood of coconut farmers.
Marcos has directed the Department of Agriculture, the Department of Trade and Industry, and the Philippine Coconut Authority to expand seed farms, distribute hybrid seedlings, encourage investments, and explore new coconut products.
The government is also monitoring the implementation of the revised Coconut Farmers and Industry Development Plan (CFIDP) 2024-2028, which focuses on social protection, capacity building, and infrastructure support for farmers.
Additionally, Marcos approved a PHP3.5 billion budget for massive planting, replanting, and fertilization programs targeting 100 million coconut trees by 2028.
Source: PhilNews24 | July 5, 2025
PBBM ORDERS REVIEW OF COCONUT TRUST FUND LAW FOR POSSIBLE UPDATES
You might be interested in
Latest from Politics
Former Eastern Samar governor Ben Evardone has backed Executive Secretary Ralph Recto’s proposal to expand PhilHealth
The Cabinet on Friday approved the proposed 2027 National Expenditure Program (NEP) presented by the Department
The Manila city government has urged residents to wear face masks and observe standard health protocols
Expelled Cavite congressman Kiko Barzaga is facing a new cyberlibel case before a Manila court over
President Ferdinand Marcos Jr. has extended the Civil Registration and Vital Statistics (CRVS) Decade in the