Republic Act No. 11953, also known as the "New Agrarian Emancipation Act", is a Philippine law signed on July 7, 2023, that condones all unpaid debts of agrarian reform beneficiaries (ARBs) related to land awarded under agrarian reform programs. It cancels debts related to land amortizations, including interest, penalties, and surcharges. It applies to agrarian reform beneficiaries (ARBs) with land under PD 27, RA 6657, and other related laws. It frees land titles (e.g., CLOAs) from mortgage liens tied to unpaid obligations. It aims to help ARBs fully own their land and improve agricultural productivity. In short, RA 11953 gives ARBs a fresh start by making their awarded land debt-free and mortgage-free.
A Certificate of Condonation and Release of Mortgage (COCROM) under RA 11953 is an official document issued to agrarian reform beneficiaries (ARBs) whose land-related debts have been condoned. COCROM is the legal proof that an ARB's financial obligation is wiped clean and their land is fully theirs, debt-free and unencumbered.
One of the mandates of RA 11953 is the RSBSA registration requirement of ARBs to receive government support, including the PCIC premium subsidy. An ARB must be registered in the Registry System for Basic Sectors in Agriculture (RSBSA).
Philippine Crop Insurance Corporation (PCIC) Participation - Crop Insurance Program. All ARBs are entitled to 100% premium subsidy for those insured under RSBSA - meaning ARBs don’t need to pay premiums.
The impact of PCIC crop insurance on RSBSA-registered agrarian reform
beneficiaries (ARBs):
1. Free Insurance Coverage. ARBs registered in RSBSA are automatically
eligible for 100% government-subsidized crop insurance through the Philippine
Crop Insurance Corporation (PCIC). Covers rice, corn, high-value crops,
livestock, and non-crop assets (e.g., tools, facilities).
2. Protection Against Loss. Provides financial compensation in case of:
Natural disasters (typhoons, floods, drought), Pests and diseases, and Accidental
fire or damage.
3. Reduces Risk for Small Farmers. Insurance reduces financial
vulnerability, allowing ARBs to recover faster after crop failures. Encourages
continued planting and investment in better farming practices.
4. Improves Access to Credit. With insurance coverage, ARBs become more
creditworthy to banks and cooperatives. Reduces lending risk for financial
institutions.
PCIC crop insurance, when combined with RSBSA registration, gives ARBs
a safety net against agricultural losses, improves their access to government
support and financing, and helps ensure sustainable livelihoods.
RSBSA Registration and Updating
RSBSA Frequently Asked Questions
