Monday, June 05, 2006

Land Reform revisit and reconsider, please!

Land reform expired eight years ago. Let land reform die a natural death.
Spending P100 billion to distribute 500,000 hectares of private agriculture land is an expensive proposition!
P100,000,000,000.00 in 5 years,
P20,000,000,000.00 a year, for 500,000 hectares land,
P1,000,000.00 per hectare of private agricultural land.

Since 1987, P35.8 billion has been spent to distribute 3.7 million hectares of land.
P35,800,000,000.00 spent to distribute 3,700,000 hectares of agricultural land for 18 years did not bring peace and prosperity of Filipinos and the Philippines.
It is time to reconsider this non capitalistic government program expiration!

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