Tiniyak ni Senador Cynthia Villar na may binuong Coconut Farmers and Industry Trust Fund (CFITF) kung saan may P80 bilyon na ilalaan para sa 2.5 million na mga coconut farmer at coconut industry sa loob ng limang taon.
Ang pondo ay nabuo sa ilalim ng Republic Act No. 11524, o Ang “Coconut Farmers and Industry Trust Fund Act” na nilagdaan ni President Rodrigo Duterte noong February 26, 2021 na naging epektibo noong March 13, 2021.
“Now is the time to give our coconut farmers, who are considered to be the poorest in our country with the monthly income of only P1,500, the much needed and long-awaited support and attention from the Government,” ayon kay Villar.
“The former President said that this law is a historic “gamechanger” that will pave the way to modernizing and industrializing the Philippine coconut sector,” aniya.
“The law also mandated for the preparation of the CFIDP, which shall set the directions and policies for the development and rehabilitation of the coconut industry within 50 years,” dagdag ng mambabatas.
Sinabi niya na ang paggamit ng trust fund ay dapat naaayon sa inilatag na plano at ikokonsidera ang taunang alokasyon base sa panukalang batas.