Wednesday, October 19, 2016

26,638 WV farmers benefit from PCIC insurance claims

The Philippine Crop Insurance Corporation (PCIC)-6 said a total of 26,638 farmers in Western Visayas have benefited from the various insurance programs of the agency.
In a press conference held October 18, 2016 at the Madison Hotel here, PCIC-6 Regional Manager Charlito Brilleta said that farmers in the region were able to acquire P171,674,343.95 through insurance claims, as of September 2016.
“The biggest recipients of these payments were rice farmers, followed by corn farmers,” he said.
A total of 24,191 rice farmers in the region received an indemnity of P156,085,490, while 2,183 corn farmers received P13,448,078; 116 farmers obtained P796,472 for livestock insurance coverage; seven farmers of high-value crops (HVC) acquired P51,985; and 141 farmers received P1,292,318.95 from term insurance package (TIP).
By province, a total of 13,342 farmers from Iloilo received insurance claims amounting to P92,052,252.30, while 7,458 farmers in Negros Occidental obtained P43,592,930 and a total of 2,382 farmers from Capiz acquired P13,049,595.
A total of 1,549 farmers from Guimaras received insurance claims worth P12,981,817; while 1,174 farmers from Antique also received indemnity worth P7,266,615, and farmers from Aklan obtained claims totaling P2,731,134.65.
“In the late part of 2015, Region 6 experienced drought which went further to 2016 and 60 percent of the payments to farmers were due to drought,” Brilleta explained.
PCIC is a government-owned and controlled corporation (GOCC) under the Department of Agriculture (DA).
Its principal mandate is to provide insurance protection to the country’s agricultural producers, particularly the subsistence farmers against crop losses arising from natural calamities such as typhoons, floods, drought, earthquakes and volcanic eruption, as well as plant diseases and pest infestation.
The agency also covers non-crop agricultural asset losses due to perils for which the asset has been insured against.

by:  Leonard T. Pineda I

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