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Philippines - DA taps Swiss firm’s satellite technology for crop insurance

The Department of Agriculture (DA) has tapped Swiss firm Satsure AG to improve its crop insurance program by using satellite technology to fast-track monitoring and delivery of indemnification to disaster-hit farmers.

The DA said it has signed a memorandum of agreement with Satsure AG through the Planters Products Inc. last June 8 “to provide better crop insurance in the country.”

The digitization project, with an initial fund of P5 million, targets to provide satellite imaging for the 100,000 hectares planted with rice and 40,000 hectares planted with various crops in the next six months, according to the DA.

The project will be piloted in Nueva Ecija, Iloilo and North Cotabato, it added.

“We welcome this partnership between PPI and Satsure AG. It will help in our ongoing efforts to provide our farmers with direct and targeted assistance to improve their productivity,” Agriculture Secretary William D. Dar said in a recent statement.

“The traditional source of information which relies heavily on fieldwork will be insufficient in the country. As we modernize our agriculture sector, we must continuously explore for relevant technology to increase sufficiency and productivity,” Dar added.

He said the project would help DA to improve its disaster response, particularly on risk insurance.

The Satsure AG is a developer based in Switzerland whose works include remote sensing satellite and other sensing sources to monitor agricultural crop portfolio and estimate agriculture yields with the objective of enabling better risk management and improving crop insurance and agriculture lending to farmers, according to the DA.

Source – https://businessmirror.com.ph