Available fundingMadrigal said the coco levy fund would be released by the Trust Fund Management Committee, which is headed by the Department of Finance (DOF), immediately upon the submission of the necessary documents. The DOF earlier said that a recent Commission on Audit report pegged the value of coco levy assets at P111.3 billion. “We hope that organizing and capacity building of small coconut farmers will be a serious concern of various government agencies,” Carranza said. “The conditions are heavily lopsided against the small coconut farmers but favorable to a selected few,” he lamented. READ: Gov’t may now tap P75-billion coco levy fund for farmersRead Next

Source: Philippine Daily Inquirer June 10, 2022 08:17 UTC