We, the Foundation for Economic Freedom, are opposed to the extension of the Comprehensive Agrarian Reform Program (CARP). We fully agree with the scientific findings of Dr. Raul Fabella, National Scientist for Economic Science, that CARP has only created a class of landed poor and has failed to increase agricultural productivity. We believe that extending CARP will only increase uncertainty over property rights over agricultural land and deter investments in agriculture.

1. Foundation for Economic Freedom, Inc.
BOARD OF ADVISERS:
Gerardo Sicat
Cesar A. Virata
BOARD OF TRUSTEES:
Roberto De Ocampo
Chairman
Romeo Bernardo
Vice-Chairman
Calixto Chikiamco
President
Ernest Leung
Treasurer
Atty. Ricardo Balatbat III
Corporate Secretary
Anthony Abad
Art Corpuz
Eduardo Gana
Felipe Medalla
Vaughn Montes
Simon Paterno
Gloria Tan-Climaco
Francis Varela
Atty. Ricardo Balatbat III
Executive Director
105 Philippine Social Science Center (PSSC) Commonwealth Ave., Diliman, Quezon City
Telefax: (632) 4532375 (Main Office) Tel No.: (632) 8939602 (Accounting)
Website: www.fef.org.ph Email: fefphilippines@gmail.com / fef@fef.org.ph
FEF Statement on the Extension
of the Comprehensive Agrarian Reform Program (CARP)
We, the Foundation for Economic Freedom, are opposed to the extension of the Comprehen-
sive Agrarian Reform Program (CARP).
We fully agree with the scientific findings of Dr. Raul Fabella, National Scientist for Economic
Science, that CARP has only created a class of landed poor and has failed to increase
agricultural productivity. We believe that extending CARP will only increase uncertainty over
property rights over agricultural land and deter investments in agriculture.
Instead of extending CARP, we recommend the following:
1. Provide a budget that will divide the collective CLOAs (Comprehensive Land Ownership
Awards) so far issued by the Department of Agrarian Reform into individual CLOAs.
2. Legislation that will allow farmer beneficiaries to mortgage their CLOAs for production
loans.
3. Legislation that will amend the current Comprehensive Agrarian Reform Law (Section 27)
that will allow farmer beneficiaries to lease their lands.
We believe that not extending CARP and amending the current CARL as mentioned above is
the only way to inclusive growth in the countryside.
Release Date: March 20, 2015
For more information, please check our website: www.fef.org.ph , or contact the following:
Ethel Briones, Program Officer – ebbriones@fef.org.ph /+63 2 453 2375
Ranna Pintor, Program Officer – rannapintor@yahoo.com / +63 2 453 2375