Aquino stumbling block for direct and immediate return of coco levy funds

Aquino stumbling block for direct and immediate return of coco levy funds


Draft EO would turn coco funds into Presidential pork, says farmers


The militant peasant group Kilusang Magbubukid ng Pilipinas (KMP) and the claimants’ movement Coco Levy Fund Ibalik sa Amin (CLAIM) today welcomed the Supreme Court decision granting a partial entry of judgment for the execution of its ruling on the controversial coco levy fund shares in San Miguel Corporation.


“With the Supreme Court decision granting partial entry of judgment, there are no more legal obstacles on 27 percent shares recovered from President Aquino’s uncle, Eduardo “Danding” Cojuangco Jr. However, the President remains as the biggest political stumbling block for the immediate and direct return of the funds to its rightful owners,” KMP chair Rafael Mariano said.


“We fear that President Aquino and his coco levy mafia would turn the multi-billion coconut levy funds into a “perpetual presidential pork barrel,” CLAIM spokesperson Nestor Villanueva warned.


Villanueva said that the draft executive order (EO) allegedly submitted by so-called coconut farmers groups to Aquino “is exactly the same EO drafted by the Aquino administration’s Multi-Sectoral Task Force on the Coco Levy Funds furnished to us by the Philippine Coconut Authority last August.”


He said that “nowhere in Aquino’s draft EO that states that the coco levy fund shall be returned and directly used by small coconut farmers. Worst, the draft EO will install Aquino as the Chairperson of the Coconut Farmers Trust Fund Coordinating Council.”


“The draft EO only serves landlords and big businesses in the coconut industry and would turn the funds into a Presidential pork barrel,” Villanueva said.


He pointed to the proposed EO’s Section 3 – Purpose of the Trust Fund – stating that “its (the coco levy funds) purpose shall include the financing of programs or assistance for the benefit of the coconut farmers, for increased productivity of the coconut industry, and for development of coconut-based enterprises and promotion of anti-poverty programs.”


On the other hand, Section 9 – Use and Disposition of the Trust Income- stating thatThe Council, on an annual basis, shall determine and establish an amount comprising the Trust Income. After such determination, the Council shall determine the utilization of the Trust Income and recommend such to the President for his approval.”


The KMP and CLAIM reiterated calls for the approval of a legislative measure, House Bill 1327 or the proposed creation of the “Genuine Small Coconut Farmers Fund” authored by Anakpawis party-list Representative Fernando Hicap.


The groups said that under HB 1327, small coconut farmers will be the primary beneficiaries of the fund “in the form of cash and other social benefits including but not limited to pension benefits, medical and hospitalization benefits, maternity benefits, and educational assistance including scholarships, among others.”


“Cash distribution will be in the form of social benefits. This is not a dole-out and a far cry from the corruption-ridden conditional cash transfer (CCT) program of the Aquino administration,” Villanueva said.


Under HB 1327, “socio-economic projects initiated by small coconut farmers and their organizations and/or cooperatives financed by the Coconut Farmers’ Fund shall primarily focus on: livelihood programs and projects meant to provide additional incomes to small coconut farmers; small and medium-scale coconut enterprises, marketing and trading mechanisms, inventions and innovations of machineries and equipment for the development of high-quality coconut and improvement of local coconut production; and programs that would provide loan facilities for small coconut farmers.”


“All coco levy funds acquired assets, investments, and corporation shall be turned over to the Small Coconut Farmers Council. The SCFC shall directly manage the operations of the CIIF-Oil Mills Group, 14 Holding Companies, United Coconut Planters’ Bank, Cocolife, and other corporations acquired through the coco levy funds for the benefit of small coconut farmers,” it added. #


Ang Kilusang Magbubukid ng Pilipinas (KMP) ay demokratiko at militanteng kilusan ng mga magsasaka, manggagawang bukid, kababaihang magsasaka at kabataang magbubukid. Ito ay may animnapu’t limang panlalawigang balangay (65 provincial chapters) sa labinlimang panrehiyong balangay (15 regional chapters) na binubuo ng mahigit dalawang milyong kasapian mula sa Luzon, Visayas at Mindanao.