Preamble
WHEREAS, it is the concern of the Government to emancipate the tillers of the soil from their bondage of tenancy and to encourage them to raise their level of production and to attain self-sufficiency immediately; WHEREAS, self-sufficiency requires the employment of modern farm implements and facilities as well as the promotion of essential agricultural and cottage agro-industrial projects such as fishing, poultry, livestock, woodcraft, etc.; and WHEREAS, the guarantee prescribed by the Agricultural Guarantee Fund created under Republic Act No. 6390, covers only losses from production loans granted to farmer-tillers; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution, do hereby order and decree the following: