Agroinsurance

NEWS

Philippine govt makes banana grower insurance payment

12.03.2014 238 views

The Philippine Department of Agriculture (DA) has paid PHP7.5 million (US$168,690) as part of a partial insurance payment to growers in the Compostela Valley municipality of Nabunturan, website Sunstar.com.ph reported. shutterstock_164363249 banana peels sq

The story reported checks were given to 58 growers, through the DA’s Philippine Crop Insurance Corp (PCIC) and the Land Bank of Philippines (LBP).

A further PHP13 million (US$292,396) in indemnity checks is expected to be given to 90 growers this week, PCIC regional manager Bonifacio Pales told the publication.

“This is the help of the DA Secretary to those who are hardly hit by Typhoon Agaton early this year,” Pales was quoted as saying.

The story reported Agriculture Secretary Proceso Alcala said crop insurance would be prioritized in the 2015 budget.

Source - http://www.freshfruitportal.com/

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