Executive Order 113
Establishing the Comprehensive Agricultural Loan Fund, Creating the Agricultural Credit Policy Council (1986)The ACPC shall:
- Synchronize all agriculture and fisheries credit policies and programs;
- Review and evaluate the economic soundness of all agriculture and fisheries credit programs;
- Undertake measures to increase its funds base and adopt other liquidity, interest stabilization, and risk cover mechanisms for its various financing programs in consultation with the Monetary Board.
Executive Order 116
Renaming the Ministry of Agriculture and Food as Ministry of Agriculture, Reorganizing its Units, Integrating all Offices and Agencies Whose Functions Relate to Agriculture and Fishery into the Ministry (1987)
- The ACPC was attached to the Department of Agriculture.
DA Administrative Order No. 5 (22 May 1987)
- Administration of the CALF assigned to the Executive Director of the Technical Secretariat of ACPC in behalf of the DA Secretary
Magna Carta of Small Farmers (R.A. 7607) Section 21 (1992)
- The ACPC shall conduct an information drive that will promote the establishment of strong and viable farmer’s organizations which play a major role in increasing small farmers’ credit (Rule 71).
- The ACPC shall device credit assistance programs and other needs of small farmers such as for education and health needs (Rule 72).
- The DA shall expand its loan guarantee coverage under the Comprehensive Agricultural Loan Fund (CALF) to be administered by the ACPC (Rule 73).
- The ACPC shall conduct special projects to promote innovative financing schemes of small farmers (Rule 74).
- ACPC and other concerned agencies shall be responsible for training, registration, information dissemination and monitoring of farmer organizations, NGOs, cooperative banks, and other institutions providing credit facilities (Rule 75).
- DA in coordination with ACPC, LGUs and other government agencies shall advocate for the establishment of cooperative banks and promote the growth of their network to at least one per province and/or agricultural city (Rule 77).
DA Administrative Order No. 6 / AFMA IRR (10 July 1998)
Rule 20.1The Secretary, as Chairperson of the ACPC, in collaboration with the National Credit Council (NCC), shall organize dialogue sessions among all stakeholders in rural, agricultural and fisheries financing.
Rule 21.1. . . the ACPC, jointly with the National Credit Council (NCC) shall, through a participatory process with the beneficiaries and stakeholders, formulate the program of phase-out of all directed credit programs (DCP), including the Comprehensive Agricultural Loan Fund (CALF)
Agriculture and Fisheries Modernization Act (R.A. 8435) (1997)
- The ACPC in collaboration with the National Credit Council (NCC) shall organize dialogue sessions (at least on a semestral basis) among all stakeholders to assess the status of rural, agricultural and fisheries financing (Rule 20.1).
- ACPC, jointly with the NCC, shall formulate the program of phase-out of all directed credit programs (DCPs). The DCP funds shall be consolidated to finance the Agro-Industry Modernization Credit and Financing Program (Rule 21.1).
- ACPC in collaboration with the NCC shall draft the design of the AMCFP (Rule 22.1).
- The ACPC and the Bangko Sentral ng Pilipinas shall formulate the implementing guidelines for the setting of valuable grace periods on the repayment on loans and guarantees to long gestating and viable agricultural and fisheries projects (Rule 24.3)
Agri-Agra Reform Credit Act (R.A. 10000) (2009)
- Section 7 – Modes of alternative compliance to the 25% mandatory agriculture and agrarian reform credit shall include:(i) investment in bonds issued by the DBP and the LBP and declared as eligible by the DA or by its duly authorized agency;
(ii) investment in other debt securities declared as eligible by the DA or by its duly authorizedagency
- Section 9 – The BSP and DA shall issue relevant circulars and regulations to govern the accreditation of bank and non-bank RFIs, respectively.
- Section 10 – The DA or by its duly authorized agency shall transmit to the BSP the following as often as approved:(i) list of specific debt securities accredited as compliance under Sections 6 and 7 of these Rules, and
(ii) list of accredited non-bank rural financial institutions under Section 9 of these Rules.
Department of Agriculture Special Order 605 (2011)
- Designation of the ACPC as the DA’s duly authorized agency to implement relevant provisions of RA No. 10000 (Agri-Agra Reform Credit Act of 2009)
- The ACPC is tasked to undertake the following functions:
- Formulation of eligibility criteria and accreditation procedures for non-bank rural financial institutions (non-bank RFIs) and debt securities;
- Accreditation of non-bank RFIs in which banks can invest or lend;
- Certification of accredited non-bank RFIs and eligible debt securities;
- Reporting and transmission of list of specific eligible debt securities and list of accredited non-bank RFIs to the BSP at the start of every quarter, or as often as necessary; and
- Performance of other related tasks pursuant to the implementation of the provisions of R.A. 10000 and its IRR