Mandated by the Philippine Constitution, agrarian reform is an intervention to promote social justice aimed by equalizing access to land. This paper is aimed at addressing the issue of whether or not agrarian reform has accomplished its objectives. It is also aimed at assessing its impact on the beneficiaries in terms of equity, productivity, savings, investment and sustainable growth. In addition, it is aimed at coming up with policy directions and recommendations regarding the planning and implementation of the Philippine agrarian reform.