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PIA Press Release
2010/02/19

Crop insurance gains relevant with climate change

Tagbilaran City (19 February) -- There are two big reasons why a Boholano farmer should think of ensuring his crops this planting season.

First, the intense tropical heat coupled with the El Nino phenomenon has ruined about P2 billion worth of agricultural crops in Region 2. This should not be a far incident when the drought has hit wide patches of sugarcane fields in nearby provinces as Negro Occidental.

Second, a Boholano is now currently the regional manager of the Philippine Crop Insurance Corporation (PCIC) of the Department of Agriculture. An insurance claim for damaged crops may not be that hard, assures the government crop insurance director who hails from Batuan town.

In a prepared statement, PCIC said crop insurance has never been more relevant with the effects of climate change and global warming bring in natural but untypical weather disturbances.

Presenting now with a prospect of farmers being able to recover the cost of production through insurance indemnity, helping farmers start anew has never been more pronounced.

In fact, PCIC has jacked up its insurance coverage for 2009 for palay, high value commercial crops and agri assets.

According to Boholano newly appointed PHIC Region 7 manager Dominico Digamon, palay coverage increased by a staggering 270%, a trend the government crop insurance corporation said could be attributed to the local program implemented in Bohol.

PHIC believed the RACER program, spearheaded by the Provincial Government in Bohol is the reason for being so, especially with the memorandum of agreement entered into by Bohol Governor Erico Aumentado and the PCIC.

Moreover, the coverage for high value commercial crops also increased to a staggering 563.1% with the coverage for the oil palm, he said.

Again, with the perceived increase in government support for the agriculture sector, people have also been noticed to put up insurance coverage for non crop agri-assets which significantly soared to a P177% compared to the previous year.

Last year, Digamon said the PCIC paid a total of P3.539 million benefits for farmers representing their insurance coverage for Central Visayas alone. (PIA) [top]

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