An Act Rescinding The Restrictions On Ownership And Transferability Of Lands Awarded Under The Comprehensive Agrarian Reform Program

• There is a growing recognition within the economic community that the government needs to shift its effort from redistributing land to improving the productivity of the land and the farmers that cultivate them. 
• This bill seeks to do so by repealing the five-hectare retention limit and the ten-year retention period on CARP-awarded land, allowing productive farmers to operate as efficiently and as economically as the market dictates. 
• Through this measure, it is believed that the government could improve the productivity of the agriculture sector, attract agricultural investments, revitalize the rural credit market, reduce poverty in the countryside, and ensure food security.