R.A.

3884
Scope
!
Any agricultural land regardless of crops planted

Land Ownership
Ownership of land awarded to farmer allocatees by the
Bank until fully paid.
Process

Retention Limit
!
None specified
Landowners Compensation
1. Valuation
Negotiation among FB, LO, DAR, and LBP; subject
to court approval
2. Payment Scheme
Cash - 10%
Bonds - 90%
3. Features
-25 years
Term
Interest
Rate
-6%
Tax Free

Maturity Period -Balloon payment on the 25th year

- May 20, Nov. 20
Interest
Payment Dates
Payment By Farmer - Beneficiaries
1. Amount to be Amortized
Equal to the amount paid to LO
2. Term
25 years
3. Interest Rate
6%

Acquisition
petition of at least 1/3 of tenants
valuation thru negotiation between LO & FB; DAR
and LBP
execution of Deed of Sale (DOS) between LBP and
LO
court approval of DOS
transfer of title from LO to LBP
payment of 10% cash, 90% bonds
Process
Disposition
Subdivision survey of the estate (DAR)
screening and allocation of FBs (DAR)
issuance of CLTs (DAR)
lot-by-lot appraisal
generation of Contract to Sell in favor of FBs
preparation/accomplishment of judicial forms and
registration thereof
execution of Deed of Absolute Sale (DAS) in favor of
FBs

P.D. 27
Scope
!
Private agricultural lands primarily devoted to rice
!
corn under a system of sharecrop or leasehold
!
system whether classified as landed estate or not
Deemed Owners
(As of October 21, 1972)
All qualified tenant farmers
Award Limit
Family-size farm of 5 hectares if not irrigated and 3
hectares if irrigated
Landowners Compensation
1. Valuation
Average Gross Production for 3 normal crop
cycles immediately preceding 1972 x 2.5 x Govt.
Support price*
*Rice - P35.00
*Corn - P31.00
2. Payment Scheme
Cash - 10% / 20% / 30%
Bonds - 90% / 80% / 70%
Features of LB Bonds
!
Term! !
!
!
Interest Rate!!
!
Maturity Period!
!
!

Interest Payment!
Dates

-25 years
-6% tax free
-Balloon payment on 25th year
-May 20 and Nov. 20

Payment by Farmer - Beneficiaries

1. Amount to be Amortized!- Equal to amount paid to LO
2. Term!
!
!
- 15 years
3. Interest Rate !
!
- 6 years
Process

Identification of land / landowner/ tenant

Preparation of parcellary mappings
Issuance of CLT
Valuation -- LTPA and BCLP
Issuance of Emancipation Patent

E.O. 228
SCOPE
All privately owned rice and corn lands tenanted covered
by PD 27 unvalued as of August 18, 1987 (Program A)

Payment by Farmer - Beneficiaries

1. Amount to be !
!
-Equal to amount paid to LO
!
Amortized

Retention Limit
7 hectares

2. Term!
!
!
!
!
!
!

Landowners Compensation
1.Valuation
!
!
Same as P.D. 27

!
!
!
!

3. Interest Rate !
!
!
!

!
!
!
!

-20 years
-Lands already valued and
financed likewise extended
a 20 year payment period

!
!

-6% with 2% reduction for prompt

payment

Foreclosure of Mortgage
When FB fails to pay three / or the equivalent of three
annual amortizations

Features of the 10-Year LB Bonds

Transferability
Ownership may be transferred after full payment.

!
!

Interest Rate !!
!
!
!

-91 day T-Bill rate net of

withholding tax

Process
Identification of land / landowner / tenant
Final survey
Issuance of Emancipation Patent
Valuation (BCLP) as updated by LVSS
Release of mortgage upon full payment

Maturity Period!

-10% of the value every year

!
!

Interest Payment !
!
Dates! !

-Every semester from date of

issue

E.O. 229
Payment by Farmer - Beneficiaries
SCOPE
All public and private agricultural lands including other
lands of public domain suitable to agriculture
Prog. B
Sequestered, foreclosed and forcloseable, idle,
voluntarily offered and expropriated lands
Prog. C
Tenanted non-rice, non-corn lands/ estates under labor
administration
Prog. D
Other public and government lands
Retention Limit
To be determined by Congress
Landowners Compensation
1. Valuation
!
--See Formula-!
(CS / LI / TD)
2. Payment Scheme
!
-Cash! !
-10%
!
-Bonds!!
-90%
3. Features of LB Bonds
!
Term! !
!
-10%
!
Interest Rate !!
-91-day T-Bill rate net of
!
!
!
!
withholding tax
!
Maturity Period!
-10% of the value every year
!
Interest Payment ! -Every Semester from date of
!
!
Dates! !
!
issue

1. Amount to be
!
Amortized!
!
!
!
!
!
!

!
!
!

-Affordability amortization not

to exceed 10% gross annual
production

2. Term!

-30 Years

!
!

-6% with 2% reduction for

prompt payment

3. Interest Rate !
!
!
!

Process
Compulsory land registration of all landowners
(LISTASAKA I)
Identification of land / landowners / beneficiaries
Transfer of Certificate of Title from LO to the Republic
Payment of 10% cash, 90% bonds
Assistance to LOs (New in EO 229)
Collection from FBs

R.A. 6657
Scope
All public and private aggie lands including lands of public
domain suitable for aggie

Timeframe
Immediately, to be completed in 4 years

Phase 2
Alienable and disposable public aggie
lands
Arable public aggie lands
Public lands to be opened for devt and
resettlement
private aggie lands in excess of 50 has.,
insofar as excess is concerned

Timeframe
Immediately, to be completed with 4 years

Phase 3
All other private aggie lands
Timeframe:
24-50 has
start on 4th yr.; to be completed with 3
yrs
24 has. & below
start on 6th year.; to be completed
within 4 yrs.

Last Phase
Commercial farms (commercial livestock,
poultry, etc,)

Timeframe
To be distributed after 10 yrs from
effectivity of CARL

Retention Limits
Not to exceed 5 has.; Each child may retain 3 has.
provided he is:
at least 15 years old
actually tilling/managing the land
P.D. 27 retention
no change at 7 has.
Process
Compulsory land registration of all LOS and registration
of beneficiaries (LISTASAKA II)
Identification of land / landowners / beneficiaries
Land valuation
Execution of Deed of Transfer in favor of the Govt. and
surrender of Certificate of Title and other muniment of title
Payment to Landowners
Land distribution within 180 days from time DAR takes
actual possession of land (award limi: 3 has.)
Assistance to LOs / FBs
Collection from FBs
Priorities
!
Phase 1
Rice and corn lands under P.D. 27
Idle and abandoned lands
Voluntary offers
Lands foreclosed by GFIs
Lands acquired by PCGG
Govt lands suitable for aggie
!

Features of AR Bond
Term! !

-10 years

Interest Rate !!

-91 day T-Bill Rate

!
!
!

Maturity !

-10% of value every year

Interest Payment !

COMPARATIVE FEATURES OF THE VARIOUS

LEGISLATIONS ON AGRARIAN REFORM

-Every Semester

SCOPE
RA 3844

All aggie lands

None specfied

PD 27

Tenanted rice
and corn lands

7 has

EO 228

Uncompleted
rice & corn lands
under PD 27

7 has. for
tenanted rice
and corn lands

EO 229

All other aggie

lands

To be
determined by
Congress

RA 6657

All public &

private aggie
lands, including
other lands of
public domain
suitable for
agriculture

5 has.;
3 has. for each
child

Payment by Beneficiaries
1. Tenor
!
A. Year 1 to Year 3 - 2.5% of Annual Gross Production
!
B. Year 4 to Year 5 - 5% of AGP
!
C. Year 6 to Year 30 - 10% of AGP
2. Term!
!
3. Interest Rate !

!
!

-30 years
- 6 Years

Notes:
On #1 ----> AFFORDABILITY Clause / Amortization
On #2, #3 -----> Regular Amortization
Adopt ------> Whichever is LOWER!

RETENTION
LIMIT

LANDOWNERS COMPENSATION

VALUATION

CASH

BONDS

Negotiation
among FB,
LO, DAR,
and LBP;
subject to
court
approval

10%

90%

PD 27

Average
gross prod. x
2.5 x govt.
support price
for 1 cavan
of rice/corn
on 10/21/72

10%

90%

EO 228

Same as PD
27; under
BCLP

20%

80%

EO 229

Fair market
value

10%

90%

RA 3884

RA 6657

VALUATION

CASH

BONDS

Current
value, LOs
sworn
valuation,
Tax
declaration,
Assessment
made by
Govt

25%
30%
35%
40%

75%
70%
65%
60%

other
modes
available

other
modes
available