LandBank's Role in Agrarian Reform Land Valuation

Section 17 of RA 6657 outlines criteria for determining just compensation, including:
- Cost of acquisition of the land
- Current value of similar properties
- Nature, actual use, and income derived
- Owner's sworn valuation
- Tax declarations and government assessor valuations
Additional factors include social and economic improvements made by farmers, farm-workers, and the government, as well as non-payment of taxes or loans secured from government financing institutions.

Section 18 of RA 6657 mandates that LBP shall compensate landowners based on agreed amounts with DAR and relevant criteria; failing agreement, compensation may be court-determined.
The LBP employs commercial banking professionals skilled in agricultural property appraisals to aid in valuation.

The DAR retains responsibility for identifying priority landholdings for coverage under the Comprehensive Agrarian Reform Program (CARP).
DAR must cooperate with LBP and use its valuation determinations in acquisition and distribution of lands.

The LBP is authorized to augment its human resources to effectively implement its valuation and compensation responsibilities under this Executive Order.

This Executive Order does not diminish or impair the rights and remedies enjoyed by landowners or agrarian reform beneficiaries under the Comprehensive Agrarian Reform Law.

The Executive Order takes effect immediately upon issuance, ensuring prompt operationalization of the land valuation and compensation process under CARP.