Amended Law no. 2/2003 on Agriculture
Article 2 defines the Ministry's powers, including the preparation of sustainable agricultural development plans and programs, the rational and optimal use of agricultural natural resources to ensure its sustainability, and the management and protection of natural resources, wildlife and marine life; maintenance of agricultural biodiversity, and combating desertification.
The law also calls for the formation of a specialized agricultural councils, an Agricultural Credit Bank (Article 3) and the establishment of a Palestinian Disaster Risk Reduction and Insurance Fund (PADRRIF) which is a farmers' compensation fund for natural disaster damage mostly associated with climate change. As such, a decree was issued to create the risk prevention and agricultural insurance fund, legislative decree No. 12 of 2013. Another decree was issued in 2015, decree No. (8), regarding the Palestinian Agricultural Credit Corporation.