NEWS

Philippines - Kristine-hit Bicol farmers get P24.4 million in crop insurance payments

10.11.2024 300 views

Thousands of Bicol farmers affected by Severe Tropical Storm Kristine (International name: Trami) received an initial amount of P24.4 million in crop insurance payments, according to the Department of Agriculture (DA) on Wednesday.

The Philippine Crop Insurance Corporation (PCIC) issued indemnification checks to 2,644 farmers in Albay, Camarines Norte, Camarines Sur, Catanduanes, Masbate and Sorsogon.

 

PCIC President Jovy Bernabe said the indemnities were meant to “help farmers recover from setbacks and continue to contribute to the country’s food security and economic growth.”

Agriculture Secretary Francisco Tiu Laurel Jr. distributed the checks during President Ferdinand Marcos Jr.’s visit to calamity victims in Camarines Sur on Wednesday.

Tiu Laurel called on the PCIC to expedite the release of the crop insurance payments.

Source - NewsInfo

 

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