Escudero: Tap P75-B coco levy fund to aid farmers in Odette-hit areas

Senatorial aspirant Sorsogon Governor ‘’Chiz’’ Escudero has expressed hope that the government would expedite the approval of the Coconut Farmers and Industry Development Plan to free up P75 billion in levy funds which could be used to assist coconut farmers and rehabilitate their lands ravaged by super typhoon ‘’Odette.’’

In Eastern Visayas alone, damage to the region’s coconut industry was placed at over P614 million in production loss, according to PCA’s regional office, as ‘’Odette’’ toppled or sheared over 10 million trees and wasted 57,367 metric tons of nuts ready for harvesting, thus affecting the livelihood of some 82,000 coconut farmers.

An additional P480,000 was also reprogrammed by PCA for the repair of chainsaws and the deployment of generator sets and some 15,000 coconut seednuts have been shipped to typhoon-hit areas. Under the law, funds can only be utilized once the industry roadmap is approved to cover development of hybrid coconut seed farms; training and capacity building; scholarships; research, marketing, and promotion; crop insurance; empowerment of coconut farmer organization and their cooperatives; credit programs; infrastructure development; and a health and medical program for farmers and their families, among others.

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