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PIA Press Release

PCIC fast-tracks payment of P127-M to calamity-stricken farmers

Legazpi City (14 October) -- The Philippine Crop Insurance Corporation (PCIC) has announced it is now working double time to fast track the in indemnity payment of some P127 million to farmers all over the country who had been hit by Typhoons Ondoy and Pepeng and the ensuing floods that brought heavy losses to agriculture.

The amount represents the claims or amount covered b y farmers who agreed to insure their palay and corn crops with the state-run crop insurance firm, said PCIC President Atty. Jovy C. Bernabe.

In Bicol region, the corporation will pay about P13 million to various farmers hit by the recent natural calamities, according to PCIC OIC regional manager Corazon SM. Realubit.

"Our adjusters are now working double time and have started paying farmer-clients promptly," said Realubit.

She has also assured farmers who availed of PCIC insurance programs that the Corporation has the available funds to pay all their legitimate claims, and would be more than willing to extend help because it is part of its commitment and social responsibility to provide assistance to small and marginalized farmers.

Realubit has strongly encouraged farmers to have their crops, farm animals and other agricultural investments insured with PCIC now because climate change and other natural calamities have made farming riskier than before.

"It's about time our farmers should realize the importance of crop insurance. Without insurance, they have lesser hope to recover and rebuild their lives from natural calamities like what we are experiencing now," said Realubit.

"Farmers should move now. They should go to our regional office located at the 2nd floor of DBP Legazpi Branch, Quezon Avenue, Legazpi City or at any Department of Agriculture office at their municipality, so they can enroll in our various insurance programs," Realubit added. (PCIC V/PIA) [top]

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