Preamble
WHEREAS, the agricultural sector generates employment for almost half of the entire Filipino population and accounts for one-third of the gross domestic product; WHEREAS, further agricultural development is essential not only for the efficient utilization of available land and manpower resources but for the success of our effort to produce enough food for our people; WHEREAS, credit is a crucial key to agricultural development, as proven by the Masagana 99 program; WHEREAS, our credit resources are limited and must be channelled to areas where they are most needed and where they will generate the greatest social and economic benefits to our farmers; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree that: