Philippines - NegOcc farmers get P87M in crop insurance claims

11.01.2019 535 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
16.06.2026

India - Harish Rao accuses Congress govt of plotting to scrap crop bonus

BRS deputy floor leader T Harish Rao accused the Congress government of conspiring to phase out the crop bonus scheme by limiting it to just seven paddy varieties, despite promising Rs 500 bonus for all varieties in its manifesto.

16.06.2026

CBE and EIC Forge Historic Partnership to Advance Ethiopia’s Financial Sector

​The Commercial Bank of Ethiopia (CBE) and the Ethiopian Insurance Corporation (EIC) have signed a historic partnership agreement to elevate their long-standing cooperation. 

16.06.2026

Spain - The Government releases 510.7 million from the Contingency Fund for agricultural insurance and social purposes

The Council of Ministers has given the green light to the use of the Contingency Fund to support several credit modifications for a total amount of 510,706,252.23 euros, with the aim of meeting commitments in agricultural insurance and financing activities of general interest qualified as of social interest.

16.06.2026

Nepal - Poultry sector losses Rs. 500M due to bird flu

Farmers have suffered direct financial losses of more than Rs. 500 million in the past month due to a bird flu outbreak that has spread to three districts of Koshi Province—Jhapa, Morang, and Sunsari.

16.06.2026

USA - USDA declares emergency Disaster Declaration for Maryland farmers impacted by crop freeze

The United States Department of Agriculture is stepping in to assist Maryland farmers severely impacted by unexpected frosting in April.

16.06.2026

Cyprus - Foot-and-mouth disease cases rise to 121 livestock units after new Mammari detection

A total of 121 livestock units have been affected by foot-and-mouth disease following the confirmation of a new case announced on Wednesday. 

15.06.2026

India - Satellite Surveys to Bridge Gap Between Farmers’ Losses & Crop Insurance Compensation: Shivraj Singh Chouhan

Union Minister of Agriculture and Farmers Welfare Shivraj Singh Chouhan has stated that in order to bridge the gap between the losses faced by farmers and the compensation they receive through crop insurance, these losses will now be surveyed using satellites. 

15.06.2026

Philippines - DA eyes regional fisheries hub in Northern Samar

The Department of Agriculture (DA) plans to establish a regional fisheries hub in Mapanas, Northern Samar, positioning the area as a potential growth center for Eastern Visayas’ tuna industry.