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R.A. 3884 covers all agricultural lands regardless of crops planted. Landowners are compensated through negotiation and payment of 10% cash and 90% bonds over 25 years at 6% interest. The farmer beneficiaries will amortize the same amount over 25 years at 6% interest. P.D. 27 covers tenanted rice and corn lands. Landowner compensation is based on average gross production over 3 years multiplied by 2.5 times the government support price, with payment of 10% cash and 90% bonds over 15 years at 6% interest.

Author

Nic Nalpen

Language

EN