Presidential Decree 27 LAID DOWN A SYSTEM FOR THE PURCHASE BY SMALL FARMERS OF THE LANDS THEY WERE TILLING

> Presidential Decree 27 was anchored upon the fundamental objective of addressing valid and legitimate grievances of land ownership giving rise to violent conflict and social tension in the countryside

> Recognized the necessity to encourage a more productive agricultural base to the country’s economy

> The certificate of land transfer under Presidential Decree 27 provides that the tenant farmer is deemed to be the owner of the agricultural land subject to the conditions that the cost of the portion transferred to him, including the interest, shall be paid in 15 equal annual amortizations, and that he must be a member of a barrio association upon organization of such association in his legality