00000caa a22000003i 4500 UP-1685594773862388437 Buklod 20210312153801.0 m | | ta 210604s2014 xx r |||| u|eng d 16551516 (iLib)UPBAG-00039458439 BAG rda eng ARTICLE-2638 Fabella, Raul V. author. Comprehensive Agrarian Reform Program (CARP) time to let go Raul V. Fabella. [Quezon City] School of Economics, University of the Philippines 2014. pages 1-18 23 cm text rdacontent unmediated rdamedia volume rdacarrier Title was 'Philippine Review of Business and Economics' until 1979. Title changed to 'Philippine Review of Economics and Business' from 1980-2000, and again changed to 'Philippine Review of Economics' since 2001. Includes bibliographical references (pages 16-18) This paper revisits the record of the Comprehensive Agrarian Reform Program (CARP) in the Philippines over its quartercentury existence. By 2014, it shall have accomplished 99 percent of its target - an impressive success for a government program. As a program to advance the economic welfare of farmers, however, it has accomplished the opposite of its stated goals. Productivity in coconut and sugar has fallen drastically, and poverty incidence among beneficiaries in agrarian-reform communities is even higher than among farmers in general. CARP and CARPER (Comprehensive Agrarian Reform Program with Reforms) have created a new social class: the landed poor. The design and implementation flaws that brought about this result are explored, including carp?s suppression of the market for land assets and its rigid five-hectare landownership ceiling, which led to the demise of the legal rural financial market and the flight of private capital. The paper argues for a shift in the policy focus henceforth from equity to efficiency, and the revival of markets for rural output and credit by, among others, lifting landownership limits for productive farmers and publicly registered corporations. Comprehensive Agrarian Reform Program (Philippines) Evaluation. Land reform Philippines. Peasantry Philippines Economic conditions. The Philippine Review of Economics Vol. 51, no. 1 (June 2014), p. 1-18. Request full-text access via UPB University Library through https://forms.gle/KZjBv7aRtY6jiL5E9 FI UPBAG UPBAG-MAIN ARTICLE-2638 Analytics