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BRIEFER/UPDATES ON THE UTILIZATION OF THE AGRICULTURAL COMPETITIVENESS ENHANCEMENT FUND (ACEF)

Department of Agriculture Office of the Secretary. BRIEFER/UPDATES ON THE UTILIZATION OF THE AGRICULTURAL COMPETITIVENESS ENHANCEMENT FUND (ACEF). Part I. The Agricultural Competitiveness Enhancement Fund. The Agricultural Competitiveness Enhancement Fund.

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BRIEFER/UPDATES ON THE UTILIZATION OF THE AGRICULTURAL COMPETITIVENESS ENHANCEMENT FUND (ACEF)

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  1. Department of Agriculture Office of the Secretary BRIEFER/UPDATES ON THE UTILIZATION OF THE AGRICULTURAL COMPETITIVENESS ENHANCEMENT FUND (ACEF)

  2. Part I The Agricultural Competitiveness Enhancement Fund

  3. The Agricultural Competitiveness Enhancement Fund • A Special Fund (Fund 183) created under RA 8178 out of the proceeds of MAV in-quota importation; • Intended to support projects that will make the agri/fisheries sectors globally competitive; • RA 8178 of 1996 expired last Dec. 2007; • RA 9496, or the law extending ACEF up to 2015 was enacted last 28 Feb. 2008.

  4. Source of ACEF • The in-quota tariff revenues from the importation of agricultural products within the MAV; and • Collections from repayments from loan beneficiaries. • (started in 2nd qtr of 2008)

  5. Effectivity period of the ACEF The ACEF as extended, is programmed to start 2008 and will end in 2015.  Up to 2015, after which the collection of duties from the MAV and the setting aside of the amount collected for the purposes shall terminate;  Any remaining balance(s) at the date of expiration of the Fund shall not revert to the General Fund but shall continue to be used for the purpose for which it was collected and set aside.

  6. Intended Beneficiaries of ACEF • Eligible project proponents for ACEF assistance would include any of the following: • Filipino farmers and fisherfolk; • Micro, small and medium scale enterprises (MSMEs) engaged in agriculture, aquaculture, and fisheries sectors; • Agriculture and fishery cooperatives and other entrepreneurs engaged in economic enterprises related to agriculture and fisheries; • Local Government Units (LGUs) and other implementing bureaus and attached agencies and corporations under DA; and • State Universities and Colleges (SUCs).

  7. Fund Allocation • The Fund shall be set aside and earmarked as follows: • Seventy percent (70%) • for agri-based production and post-production and processing activities (including, but not limited to, new export industries and agri-related infrastructure and equipment to achieve modern agricultural practices); • for public information and promotion activities • for technical assistance and feasibility studies grant. • Maximum of ten percent (10%) of this will be earmarked for the administrative expenses of the ACEF enabling committees/secretariat; • Twenty percent (20%) • for research and development and commercialization of such, including the upgrading of research facilities of qualified state universities and colleges; and • Ten percent (10%) • for the funding of a comprehensive scholarship program for agriculture, forestry, fisheries, and veterinary medicine education.

  8. Activities that can be funded under ACEF • The ACEF shall be set aside and earmarked: • for the protection of farmers against unfair trade practices such as: • Smuggling; • dumping of agricultural products; or • other similar acts of unfair trade practices • for the increased productivity of farmers by providing the necessary support services such as but not limited to: • post-harvest equipment and facilities • research and development • other marketing infrastructure • provision of market information • retraining, extension services, scholarships • reduction of input cost and quality improvement • supply chain efficiency and • other infrastructure including access as well as an established transportation mechanism towards speedy delivery of products

  9. Criteria that tell how a project relates to competitiveness • Projects eligible for ACEF assistance should respond to the following competitiveness aspects: • instill competitiveness in prices; • instill competitiveness in quality; • gives the product export potential; and • import substitution.

  10. Mode of which ACEF is extended

  11. CRITERIA FOR EVALUATING PROJECTS 1. Market Viability2. Technical Viability3. Organizational4. Socio-Economic5. Financial Viability

  12. Part II PROCESS FLOW

  13. FLOW OF REPORTING/PROTOCOL COCAFM Oversight Functions DA Secretary/Co-Chair, ACEF Executive Committee ACEF EXECOM Co Chairs – DA Secretary; Chair of Agri and Food Committee HOR ; Chair, Committee on Agriculture, Senate Members from Government Financing Institutions and Private Sector rganizations Policy Directions and Prioritization and Approval of projects below P15M; Loan Agreement Chair, ACEF Natl Techl Committee In consultation with the Secretary, prioritization of projects prior to NTC deliberation; Techl Evaluation prior to endorsement to the Secretary/Execom; Techl & Admin supervision of the ACEF NTS; Loan Releasing in tranches Approval of projects P15M and above DA Regional Field Units/ ACEF Regional Technical Committee Techl Evaluation/endorsement to the ACEF NatlTechl Committee; Monitoring and Evaluation

  14. PROCESS FLOW OF LOAN APPLICATION Proponent DA RFU DA-CO DA Secretary/ ACEF EXECOM ACEF RTC/RTS ACEF NTC/NTS Initial evaluation; Site validation; Regional prioritization; Endorsement to the ACEF NTC Feasibility study; Documentary requirements Evaluation/ Validation; National prioritization; Evaluation by Technical Agencies; Background & Credit Investigation Prioritization Approval

  15. PROCESS FLOW OF FUND TRANSFER (after approval by the Secretary/ACEF EXECOM) DEPARTMENT OF AGRICULTURE Request for SARO/NCA DEPARTMENT OF BUDGET and MANAGEMENT Issuance of SARO/NCA DEPARTMENT OF AGRICULTURE Fund Transfer after Pre-Audit LANDBANK OF THE PHILIPPINES* Upon endorsement of DA RFU releases In tranches per Loan Agreement PROPONENTS *Land Bank of the Philippines provides the cashiering services for the releases of ACEF loan proceeds to the proponents and acceptance of payments per MOA by and between DA and LBP

  16. Part III Updates on the Utilization of the Agricultural Competitiveness Enhancement Fund (ACEF) As of June 2010

  17. Source of Funds

  18. Fund Utilization

  19. Funds Available/Balance

  20. FUNDS ALLOCATION * approved by the ACEF EXECOM but no SARO has been issued and can be referred back to ACEF Execom to align with the priority program of the Department of Agriculture/DA Secretary

  21. Summary of Activities Funded by ACEF

  22. Project Distribution by Category (Loans and Grant)

  23. Regional Distribution of Projects (loans and grant)

  24. Distribution of Projects by Sector/Commodity

  25. Project Distribution by Type of Proponent

  26. Loan Status

  27. Repayment & Collection Status 1. 2010 Collection (as of 31 March 2010 only)

  28. ACEF Scholarship Program

  29. Actions Taken/Plan of Action by the ACEF NTC 1. Insurance coverage to ensure recovery after natural calamities; 2.Further strengthen the capability of the DA RFUs in evaluating projects for funding under ACEF; 3. Further intensify monitoring of on-going projects by the ACEF NTS and DA RFUs; and 4. Strengthen the feedback mechanism/reporting of project status between the DA RFUs and the ACEF NTC/NTS

  30. Thank You

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