UCPB-LBP merger: When will coconut farmers finally enjoy the billion-peso art works of Filipino masters?

THE principal thrust of the Coconut Farmers and Industry Trust Fund Act (Republic Act 11524) is to privatize the assets acquired with the various coconut levies and to consolidate the monetary proceeds into a trust fund that will uplift the economic and social welfare of some 3.5 million farmers, farm workers and other stakeholders in the coconut industry.

The law created a committee, headed by the Department of Finance (DoF), to manage this fund. Day-to-day administration will be handled by the DoF-assigned trust fund manager and secretariat.