Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Tuesday, 24 May 2022 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << March 2009 >> 
S M T W T F S
01 02 03 04 05 06 07
08 09 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2009/03/02

Insurance coverage helps ensure agricultural productivity in the country

By Minerva BC Newman

Cebu, Philippines (02 March) -- The Philippine Crop Insurance Corporation (PCIC) helps ensure agricultural productivity in the country through its insurance package services to all farmers nationwide, specifically subsistence farmers.

PCIC president, Atty. Jovy Bernabe in a press conference in Cebu recently said, the corporation has paid more than P82-Million to about 14,500 farmers in the country as of December 2008.

Bernabe added, PCIC gives insurance packages to the agriculture sector that are cheap and affordable to farmers.

"We are continuously trying to educate and inform the farmers on the importance of having crop and non-crop insurance and its benefits to the agriculture sector," Bernabe said.

He went on that PCIC covers all kinds of agricultural products that include rice, corn, high-value commercial crops to livestock and others.

This will protect the country's agricultural producers, particularly the subsistence farmers against losses caused by natural calamities such as typhoons, floods, drought, earthquakes and volcanic eruptions as well as plant diseases and pest infestations.

PCIC also covers non-crop insurance that include agricultural machineries, warehouses, tractors, rice mills, irrigation facilities and other farm equipments to protect them against fire, lightning, theft, earthquakes and other calamities that may befell the farmers, Bernabe added.

The PCIC president was here in Cebu to preside over the PCIC Board of Directors (BOD) meeting and officiate the signing of Memorandum of Understanding and Agreements with Land Bank of the Philippines, Palm Inc., Catmon Community Multi-purpose Cooperative and NIA-Cebu and other activities that were held on Feb. 26 at the Crown Regency Hotel, Cebu City.

In the same press conference, David Villanueva, representative of the subsistence farmers in the Visayas area told the media that his group has benefited well from PCIC's insurance coverage because it is very accessible.

"PCIC operates in all regions of the country and it can directly pay the farmers in cases of losses and damages," Villanueva said.

He added that the premiums paid by farmers are in a sense subsidized by the government because they are very affordable to subsistence farmers, who are their main clients.

According to Villanueva, PCIC's insurance services are very accessible because it has accredited underwriters from local rural banks, LBP, cooperatives, DA offices in towns, and irrigators' associations in all regions in the country.

In similar developments, PCIC-7 regional director Antonio Uy also reported that in Central Visayas alone, more than P2.682-Million worth of claims had been given to some 9,071 farmers and that PCIC-7 has covered a total of P173,578,210 worth of claims in 2008. (PIA-7/MBCN) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»Insurance coverage helps ensure agricultural productivity in the country
»PCIC signs MOU and MOA with agri-business, banks and coop
»2009 National Caving Congress puts Region 8 on focus
»Unemployment rate down 2.4% in Pangasinan
»Thumbs-up for Dagupan as IRAA host
»Hiligaynon News: PGMA tuman ka kontento sa resulta sang ASEAN summit
»Hiligaynon News: Hinun-anon sa pagpasangkad sang palangitan-an sang mga Filipino sa luwas saang pungsod hiwaton
»Hiligaynon News: Malaysia padayon ang suporta sa pagbalik sang hinun-anon pangkatawhayan
»Hiligaynon News: Hugot nga kooperasyon sa pagpahagan-hagan sang epekto sang krisis ginpanawagan
»Miss Earth urges Dipolog folks to keep environs clean
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines