Philippines - NegOcc farmers get P87M in crop insurance claims

11.01.2019 481 views
A total of 18,005 enrolled rice and corn farmers in Negros Occidental received indemnity claims from the Philippine Crop Insurance Corp. (PCIC) amounting to almost PHP87 million in 2018. Jose Ma. Torres, head of PCIC-Negros Occidental Provincial Extension Office, said on Wednesday the claims were paid through the government’s various insurance programs. These include the Negros First Universal Crop Insurance Program (NFUCIP), Registry System for Basic Sector in Agriculture (RSBSA), Agrarian Production Credit Program (APCP), Sikat Saka Program (SSP), and similar initiatives. Figures of PCIC-Negros Occidental showed that in 2018, almost PHP85.9 million were paid to 17,627 rice farmers covering an area of 17,788.13 hectares while PHP1.327 million went to 378 farmers with areas totaling 324.96 hectares. The NFUCIP is being implemented by the PCIC in partnership with the provincial government of Negros Occidental through the Office of the Provincial Agriculturist (OPA). Other programs are carried out through partner-agencies, such as RSBSA, which is under the Department of Budget and Management. Torres said these do not include insurance lines for livestock, fishery, and credit and life-term insurance. “We will continue to implement these programs as funds are available to cover more farmers,” he said. He noted that many farmers in Negros Occidental are still not covered, including those in areas considered “difficult” to reach. Torres said the PCIC has been stepping up measures to raise awareness about its programs by partnering with local government units. Insurance programs are vital as these enable farmers to recover from possible losses brought by calamities and other factors, he added. Source - https://ptvnews.ph
28.04.2026

Philippines seeks 500 million USD for engineered bamboo development

The project is currently at the concept stage, with feasibility studies expected to take five to six months and overall preparation about a year. Implementation could begin in 2027, pending loan approval.

28.04.2026

Insurance compensation of 186,000 manats paid to tobacco farmers in Azerbaijan

To date, 186,000 manats of insurance compensation have been paid to farmers and farms in the tobacco industry in Azerbaijan.

28.04.2026

USA - Climate Disasters Are Straining Hawaii’s Insurance System

Frequent and costly disasters are driving up premiums and leaving many properties uninsured or underinsured. 

28.04.2026

Brazil - São Paulo releases R$400 million in rural credit in a record package for farmers, agricultural insurance, machinery, and land regularization

The package announced at Agrishow in Ribeirão Preto combines rural credit, agricultural insurance, land tenure regularization, mechanization, inclusion of women, innovation, and environmental actions, with R$ 455 million in investments aimed at strengthening São Paulo’s agribusiness.

28.04.2026

When will Moldovan authorities announce a call for applications for subsidizing agrarian insurance?

To date, the MAIA Ministry of Agriculture and Food Industry has not yet announced the start of the next stage of accepting applications for subsidies under agricultural risk insurance contracts concluded in the fall and winter period. While waiting for this announcement, some insurance companies are being "restrained" in the agricultural segment - they insure only livestock farms and perennial crop plantations of their regular customers.

28.04.2026

USA - USDA just doubled disaster payments, and gave farmers until August 12

SDRP disaster payment farmers 2026 just got a major upgrade. Agriculture Secretary Brooke Rollins announced on April 24 in Higginsville, Missouri that USDA is raising the Supplemental Disaster Relief Program payment factor from 35 percent to 70 percent. 

27.04.2026

India - Crop Ruined by Parrots is 'Damage by Wild Animals', says HC; Gives Relief

Holding that citizens cannot be forced to bear losses caused by protected wild animals, the Nagpur Bench of the Bombay High Court has ruled that denying compensation to a farmer merely because parrots were omitted from a government list would breach principles of equality. 

27.04.2026

The World Bank: Agri-risk management in Bulgaria

CAP has steered Bulgarian agriculture toward greater resilience, but the sector continues to suffer from an absence of a comprehensive risk management strategy and limited research on internal and external risks, the report concludes.