R.A. 3884 Scope ! Any agricultural land regardless of crops planted Retention Limit !

None specied Landowners Compensation 1. Valuation Negotiation among FB, LO, DAR, and LBP; subject to court approval 2. Payment Scheme Cash - 10% Bonds - 90% 3. Features -25 years Term Interest Rate -6% Tax Free Maturity Period -Balloon payment on the 25th year - May 20, Nov. 20 Interest Payment Dates Payment By Farmer - Beneciaries 1. Amount to be Amortized Equal to the amount paid to LO 2. Term 25 years 3. Interest Rate 6%

Land Ownership Ownership of land awarded to farmer allocatees by the Bank until fully paid. Process Acquisition petition of at least 1/3 of tenants valuation thru negotiation between LO & FB; DAR and LBP execution of Deed of Sale (DOS) between LBP and LO court approval of DOS transfer of title from LO to LBP payment of 10% cash, 90% bonds Process Disposition Subdivision survey of the estate (DAR) screening and allocation of FBs (DAR) issuance of CLTs (DAR) lot-by-lot appraisal generation of Contract to Sell in favor of FBs preparation/accomplishment of judicial forms and registration thereof execution of Deed of Absolute Sale (DAS) in favor of FBs

P.D. 27 Scope ! Private agricultural lands primarily devoted to rice ! corn under a system of sharecrop or leasehold ! system whether classied as landed estate or not Deemed Owners (As of October 21, 1972) All qualied tenant farmers Award Limit Family-size farm of 5 hectares if not irrigated and 3 hectares if irrigated Landowners Compensation 1. Valuation Average Gross Production for 3 normal crop cycles immediately preceding 1972 x 2.5 x Govt. Support price* *Rice - P35.00 *Corn - P31.00 2. Payment Scheme Cash - 10% / 20% / 30% Bonds - 90% / 80% / 70% Features of LB Bonds ! Term! ! ! ! Interest Rate!! ! Maturity Period!
! ! Interest Payment! Dates Payment by Farmer - Beneciaries 1. Amount to be Amortized ! - Equal to amount paid to LO 2. Term! ! ! - 15 years 3. Interest Rate ! ! - 6 years Process Identication of land / landowner/ tenant Preparation of parcellary mappings Issuance of CLT Valuation -- LTPA and BCLP Issuance of Emancipation Patent

RECTO AND MACEDA DOCTRINE

-25 years -6% tax free

-Balloon payment on 25th year -May 20 and Nov. 20

E.O. 228 SCOPE All privately owned rice and corn lands tenanted covered by PD 27 unvalued as of August 18, 1987 (Program A) Retention Limit 7 hectares Landowners Compensation 1.Valuation ! ! Same as P.D. 27 Foreclosure of Mortgage When FB fails to pay three / or the equivalent of three annual amortizations Transferability Ownership may be transferred after full payment. Process Identication of land / landowner / tenant Final survey Issuance of Emancipation Patent Valuation (BCLP) as updated by LVSS Release of mortgage upon full payment Payment by Farmer - Beneciaries 1. Amount to be ! ! -Equal to amount paid to LO ! Amortized 2. Term! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! -20 years -Lands already valued and nanced likewise extended a 20 year payment period -6% with 2% reduction for prompt payment

3. Interest Rate ! ! ! !

Features of the 10-Year LB Bonds ! ! ! ! ! Interest Rate !! ! ! ! Maturity Period! Interest Payment ! ! Dates! ! -91 day T-Bill rate net of withholding tax -10% of the value every year -Every semester from date of issue

E.O. 229 Payment by Farmer - Beneciaries SCOPE All public and private agricultural lands including other lands of public domain suitable to agriculture Prog. B Sequestered, foreclosed and forcloseable, idle, voluntarily offered and expropriated lands Prog. C Tenanted non-rice, non-corn lands/ estates under labor administration Prog. D Other public and government lands Retention Limit To be determined by Congress Landowners Compensation 1. Valuation ! --See Formula-! (CS / LI / TD) 2. Payment Scheme ! -Cash! ! -10% ! -Bonds! -90% 3. Features of LB Bonds ! Term! ! ! -10% ! Interest Rate !! -91-day T-Bill rate net of ! ! ! ! withholding tax ! Maturity Period! -10% of the value every year ! Interest Payment ! -Every Semester from date of ! ! Dates! ! ! issue 1. Amount to be ! Amortized! ! ! ! ! ! ! 2. Term! !

! ! ! ! ! !

-Affordability amortization not to exceed 10% gross annual production -30 Years -6% with 2% reduction for prompt payment

3. Interest Rate ! ! ! !

Process Compulsory land registration of all landowners (LISTASAKA I) Identication of land / landowners / beneciaries Transfer of Certicate of Title from LO to the Republic Payment of 10% cash, 90% bonds Assistance to LOs (New in EO 229) Collection from FBs

R.A. 6657 ! Scope All public and private aggie lands including lands of public domain suitable for aggie Retention Limits Not to exceed 5 has.; Each child may retain 3 has. provided he is: at least 15 years old actually tilling/managing the land P.D. 27 retention no change at 7 has. ! Process Compulsory land registration of all LOS and registration of beneciaries (LISTASAKA II) Identication of land / landowners / beneciaries Land valuation Execution of Deed of Transfer in favor of the Govt. and surrender of Certicate of Title and other muniment of title Payment to Landowners Land distribution within 180 days from time DAR takes actual possession of land (award limi: 3 has.) Assistance to LOs / FBs Collection from FBs Priorities ! Phase 1 Rice and corn lands under P.D. 27 Idle and abandoned lands Voluntary offers Lands foreclosed by GFIs Lands acquired by PCGG Govt lands suitable for aggie ! ! ! Timeframe Immediately, to be completed in 4 years Phase 2 Alienable and disposable public aggie lands Arable public aggie lands Public lands to be opened for devt and resettlement private aggie lands in excess of 50 has., insofar as excess is concerned Timeframe Immediately, to be completed with 4 years Phase 3 All other private aggie lands Timeframe: 24-50 has start on 4th yr.; to be completed with 3 yrs 24 has. & below start on 6th year.; to be completed within 4 yrs. Last Phase Commercial farms (commercial livestock, poultry, etc,) Timeframe To be distributed after 10 yrs from effectivity of CARL

! !

! !

Features of AR Bond Term! ! ! ! ! ! ! -10 years -91 day T-Bill Rate -10% of value every year -Every Semester

COMPARATIVE FEATURES OF THE VARIOUS LEGISLATIONS ON AGRARIAN REFORM

Interest Rate !! Maturity ! !

SCOPE RA 3844 PD 27 EO 228 All aggie lands Tenanted rice and corn lands Uncompleted rice & corn lands under PD 27 All other aggie lands All public & private aggie lands, including other lands of public domain suitable for agriculture

RETENTION LIMIT None speced 7 has 7 has. for tenanted rice and corn lands To be determined by Congress 5 has.; 3 has. for each child

Interest Payment !

Payment by Beneciaries 1. Tenor ! A. Year 1 to Year 3 - 2.5% of Annual Gross Production ! B. Year 4 to Year 5 - 5% of AGP ! C. Year 6 to Year 30 - 10% of AGP 2. Term! ! 3. Interest Rate ! ! ! -30 years - 6 Years

EO 229

RA 6657
Notes: On #1 ----> AFFORDABILITY Clause / Amortization On #2, #3 -----> Regular Amortization Adopt ------> Whichever is LOWER!

LANDOWNERS COMPENSATION

VALUATION BONDS 90% RA 6657 Current value, LOs sworn valuation, Tax declaration, Assessment made by Govt

CASH 25% 30% 35% 40% other modes available

BONDS 75% 70% 65% 60% other modes available

VALUATION RA 3884 Negotiation among FB, LO, DAR, and LBP; subject to court approval Average gross prod. x 2.5 x govt. support price for 1 cavan of rice/corn on 10/21/72 Same as PD 27; under BCLP Fair market value

CASH 10%

PD 27

10%

90%

EO 228

20%

80%

EO 229

10%

90%