W. Visayas farmers to get P350-M crop insurance premium subsidy this year » Manila Bulletin News

Manila Bulletin Philippines

Breaking News from the Nation's leading newspaper


Online Newspaper

Showbiz and Celebrity News

Sports News

World News
News Asia

W. Visayas farmers to get P350-M crop insurance premium subsidy this year


By Mark L. Garcia

Bacolod City – About P350 million worth of full insurance premiums for farmers, fishermen, and livestock raisers in Western Visayas will be allotted this year under the Registry System for Basic Sectors in Agriculture (RSBSA) of the Philippine Crop Insurance Cor poration (PCIC).

PCIC provincial office manager Jose Maria Torres said yesterday that the amount is part of the R3.5 billion premium allotted by the government this year for RSBSA under the General Appropriations Act.

P70 million of the toal amount will be earmarked for Negros Occidental, he added.

This year’s budget is higher than last year, when Western Visayas had P267 million, with Negros Occidental getting P52 million.

The premium subsidy allotted for Western Visayas last year has been fully exhausted, he said.

PCIC-Negros Occidental  also observed that last year, that enrolment of insurance for livestock and high-value commercial crops increased, while those for rice and corn drcreased.

“We are ready to insure those who have been enrolled in PCIC if they were affected by La Niña this year,” he said.

With this phenomenon, PCIC did not cut off the enrolment for farmers enrolling their rain-fed rice areas or those without access to irrigation systems in the province.

He also reported that a total of P6.2 million worth of indemnities for Negros Occidental will also be distributed for those who were affected by Tropical storms Urduja and Vinta late last year.

Tags: , , , ,

Related Posts