Section 32-A

 Individuals or entities owning or operating fishponds and

prawn farms are hereby mandated to execute within 6
months from the effectivity of this Act an incentive plan with
their regular fishpond or prawn farmworkers or fishpond or
prawn farm workers’ organization, if any, whereby 7.5 % of
their net profit before tax from the operation of the fishpond
or prawn farms are distributed within 60 days at the end of
the fiscal year as compensation to regular and other pond
workers
 Shall not apply to agricultural lands subsequently
converted to fishpond or prawn farms provided the size of the
land converted does not exceed the retention limit of the
landowner
Section 33- Shares of a cooperative or association acquired
by farmers-beneficiaries or workers beneficiaries shall be fully
paid for in an amount corresponding to the valuation as
determined in the immediately succeeding section. The
landowner and the LBP shall assist the farmers-beneficiaries
and workers-beneficiaries in the payment for said shares by
providing credit financing.
 The value of shares of a cooperative or association will
be determined by the LandBank
Section 34-
 A valuation scheme for the land shall be formulated by
the PARC, taking into account the factors enumerated in
Section 17, in addition to the need to stimulate the growth of
cooperatives and the objective of fostering responsible
participation of the workers-beneficiaries in the creation of
wealth.
 In the determination of price that is just not only to the
individuals but to society as well, the PARC shall consult
closely with the landowner and the workers beneficiaries.
 In case of disagreement, the price as determined by the
PARC, if accepted by the workers-beneficiaries, shall be
followed, without prejudice to the landowner's right to
petition the Special Agrarian Court to resolve the issue of
valuation.
 E.O. 405 has transferred the authority of the Presidential
Agrarian Reform Council (PARC) to determine the valuation or
just compensation to the LandBank