Amendment to R.A. No. 821 Re: Credit for Small Farmers
Republic Act No. 2049, enacted on June 23, 1957, amends the first paragraph of Section One of Republic Act No. 821. It establishes the policy of Congress to support small farmers by facilitating access to credit and promoting the formation of cooperative associations for efficient marketing of agricultural products. The act aims to place agriculture, including livestock, poultry, and fishing, on an equal economic footing with other industries while enhancing the living standards of those engaged in agriculture. The law takes effect upon its approval and was published in the Official Gazette on December 15, 1957.
Law Information
- Reference Number
- Republic Act No. 2049
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 23, 1957
REPUBLIC ACT NO. 2049
AN ACT TO AMEND THE FIRST PARAGRAPH OF SECTION ONE OF REPUBLIC ACT NUMBERED EIGHT HUNDRED TWENTY-ONE
SECTION 1. The first paragraph of section one of Republic Act Numbered Eight hundred twenty-one is hereby amended to read as follows:
"SEC. 1. It is hereby declared to be the policy of Congress to assist small farmers in securing liberal credit and to promote the effective groupings of farmers into cooperative associations to enable them to market efficiently their agricultural commodities, so as to place agriculture (including livestock, poultry and fishing including deep-sea fishing) on a basis of economic equality with other industries, and to improve the standard of living of our people engaged in agriculture —" cd i
SECTION 2. This Act shall take effect upon its approval.
Enacted without Executive approval, June 23, 1957.
Published in the Official Gazette, Vol. 53, No. 23, p. 8511 on December 15, 1957
Cite This Law
Amendment to R.A. No. 821 Re: Credit for Small Farmers, Republic Act No. 2049, Jun 23, 1957 (Philippines)
Amendment to R.A. No. 821 Re: Credit for Small Farmers, Republic Act No. 2049 (Phil. 1957)
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