Land Bank of the Philippines has the legal personality to challenge DAR’s valuation of land in court said the Supreme Court denied the petition of Davao Fruits Corporation. Citing its decisions in Heirs of Lorenzo and Carmen Vidad v. Land Bank of the Philippines, G.R. No. 166461, 30 April 2010, 619 SCRA 609, and Heirs of Roque F. Tabuena v. Land Bank of the Philippines, G.R. No. 180557, 26 September 2008, 566 SCRA 557, 565-566, the Supreme Court ruled that LBP is an agency created primarily to provide financial support in all phases of agrarian reform pursuant to Section 74 of Republic Act (RA) No. 3844 and Section 64 of RA No. 6657. It is vested with the primary responsibility and authority in the valuation and compensation of covered landholdings to carry out the full implementation of the Agrarian Reform Program. It may agree with the DAR and the land owner as to the amount of just compensation to be paid to the latter and may also disagree with them and bring the matter to court for judicial determination.
(Davao Fruits Corporation v. Land Bank of the Philippines, G.R. Nos. 181566 and 181570, March 9, 2011)