Question & AnswerQ&A (LETTER OF INSTRUCTION NO. 124)
The main purpose is to ensure the swift and efficient collection of obligations incurred by farmers from rural banks, PNB, and the Agricultural Credit Administration under the Masagana 99 program.
The Secretary of the Department of Agriculture and Natural Resources, the Secretary of the Department of Local Governments and Community Development, and the Secretary of the Department of National Defense.
The Secretary is to direct all farm production technicians to encourage farmers who incurred debts to pay their obligations after the Masagana 99 harvest.
To ensure the assistance of all provincial governors and mayors in encouraging farmers to fulfill their loan obligations.
The Secretary of National Defense is directed to provide assistance upon recommendation from the Secretary of Agriculture and Natural Resources or other authorized civilian personnel if civilian efforts prove inadequate.
Rural banks, the Philippine National Bank (PNB), and the Agricultural Credit Administration (ACA).
The Masagana 99 program.
The letter does not explicitly state penalties for farmers who fail to pay their obligations, but it calls for strict compliance by government officials in loan collection efforts.
No, the assistance is provided only upon recommendation of the Secretary of Agriculture and Natural Resources or authorized civilian personnel when civilian collection efforts fail.
It is an executive directive issued by the President of the Philippines under his executive powers.
They are instructed to exhort all farmers who have incurred debts to pay their obligations after the Masagana 99 harvest.
Yes, the letter explicitly states that immediate and strict compliance is desired.