Under the CFTF
Act, the Trust Fund committee will decide on the disposition, utilization and allocation of the Fund, identify agencies that will implement projects and programs and set investment and asset management policy, among others.
Geronimo said the farmers had long been pushing for the creation of the CFTF from the recovered coconut levy fund, estimated to be around P70 billion, the annual interest earnings of which would be used to bring about meaningful programs for millions of impoverished small coconut farmers and their families.
Coconut farmer groups had long been pushing for the CFTF through rallies, marches and appeals to Congress and Malacanang.
Geronimo said the real test of the lawmakers true intention behind the passage of the CFTF would be in the bicameral conference between the House of Representatives and the Senate.
Anti-coconut farmer lawmakers could still water down the true spirit of the CFTF with traitorous killer amendments and political compromises,A Geronimo said.