A new cattle insurance scheme based on a digital health tracking system was rolled out jointly by Phoenix Insurance and ShurjoMukhi Ltd. The product, Shurjomukhi Pranisheba, will ensure prevent inbreeding, early detection of health disorders, monitoring of calves and continuous measurement of temperature, officials said.
Some dairy farmers have started getting compensated for their lost cows under the auspices of the agriculture and livestock insurance scheme that was launched in April this year. Actors in agriculture and livestock sector contend that this plan to protect farmers from incurring future losses is one of the milestones that the sector has ever had.
The Commission on Audit (COA) disclosed that the National Dairy Authority (NDA) lost P122.465 million “due to the death or loss” of 883 of the 5,096 heads of dairy animals dispersed to several recipients. COA lamented that the beneficiaries of the Palit-Baka Scheme have failed to insure the animals with the Philippine Crop Insurance Corporation as required under the memorandum of agreement (MOA).
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