IKOT.PH
Agriculture Secretary Francisco Tiu Laurel Jr. said initial assessments made by the Philippine Crop Insurance Corp. on damage caused by Severe Tropical Storm Kristine indicated that indemnification payments would amount to at least P666.5 million. In his report to Tiu Laurel, PCIC President JB Jovy Bernabe noted that the rapid assessment of PCIC-insured farms affected […]
The Philippine Crop Insurance Corp. is now back under the supervision and control of the Department of Agriculture nearly three years after it was transferred to the Department of Finance. “The PCIC is hereby attached to the DA for policy and program coordination,” said President Ferdinand Marcos, Jr. in Executive Order 60. PCIC was created […]
AGRI Party-list Rep. Wilbert T. Lee urged the Insurance Commission (IC) to scrap the implementation of its IC Circular Letter No. 2022-34 which seeks to increase the minimum catastrophe (earthquake, typhoon and flood) insurance premium rates, especially because the country’s inflation hit a 14-year high of 8.7% this January. The hike was supposed to be […]
Amid the continuous rise in prices for agricultural commodities, Senator Lito Lapid proposed a measure seeking to grant full insurance coverage to all qualified agrarian reform beneficiaries of the Comprehensive Agrarian Reform Program (CARP). Lapid filed Senate Bill (SB) No. 1766, amending Republic Act (RA) No. 6657, which provides full crop insurance for qualified farmers […]
At least 357 farmers in Batac City, Ilocos Norte received their indemnity checks courtesy of the Philippine Crop Insurance Corporation (PCIC). In a distribution program at the Department of Agriculture sub-station in Barangay Tabug, Batac City Mayor Albert Chua reminded farmers to insure their crops to minimize their losses during a calamity. The Ilocos Norte […]
The AGRI Party-list is proposing to convert the Philippine Crop Insurance Corporation (PCIC) to the Philippine Agricultural Insurance System (PAIS), which will provide free life and crop insurance to farmers and fisherfolk, as well as optional agricultural equipment insurance. “Gusto nating ipanukala ang pag-amyenda sa batas na naglikha sa PCIC at i-expand ito upang maging […]
Senator Cynthia Villar has filed a bill that will help small farmers to quickly recover from the damage brought about by natural calamities, plant diseases and pest infestations. Senate Bill 140 or the Free Index-Based Agriculture Insurance Act establishes the enabling policy, regulatory, and funding support for a more effective crop insurance program. “With an […]
Senate Committee on Trade, Commerce and Entrepreneurship Chairperson Koko Pimentel III said on Sunday that he was planning to convene insurance stakeholders to discuss and propose measures that would give added protection to Filipino farmers, particularly from the damaging effects of typhoons and natural calamities. The move was meant to enhance the food security situation […]
A party-list representing the agriculture sector called on government to immediately release funds for the relief of farmers affected by Typhoon ‘Ompong’ which hit the country last week. “We hope that the release of calamity funds will be rushed particularly in the areas hardest hit by Typhoon Ompong like Cagayan Valley, Ilocos, and Cordillera regions,” […]
With the typhoon season again upon us, Senator Cynthia Villar has asked insurance companies to help smallholder farmers recover fast from the damage brought by typhoons and other calamities to crops and livestock by giving insurance coverage to the agricultural sector. “We want our farmer to get back within one week to the field to […]