The Senate version of the Coconut Levy Trust Fund bill, which abolished a panel that allows the bill’s farmer beneficiaries to manage at least P71 billion worth of assets, would repeat the thievery done to the farmers during martial law declared by then-President Ferdinand Marcos.

Authors of the measure issued the warning in light of its second-reading approval in the Senate that deleted a provision creating the Coconut Farmers and Industry Development Trust Fund Committee.

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