Philippines - Agricultural losses due to 'Fabian'-triggered monsoon rains top P285M

28.07.2021 401 views
Agricultural losses from the southwest monsoon rains enhanced by typhoon “Fabian” has reached P285.73 million, the Department of Agriculture (DA) said Tuesday, July 27. The agricultural losses and damage covered a total of 16,336 hectares (ha) of agricultural areas in the Cordillera Administrative Region (CAR), Ilocos region, Central Luzon, Calabarzon, Mimaropa, Bicol Region, and Western Visayas. A total of 11,898 farmers were affected. This translated to 5,113 metric tons of production loss, the DA said. Affected commodities include rice, corn, several high value crops, and livestock. The agriculture department, however, bared that around P227.94 million worth of agricultural produce was saved from destruction due to the early harvesting of crops. A total of 2,398 ha of rice were harvested prior to the onset of the southwest monsoon rains in Regions II, III, and Calabarzon. This has an equivalent production of 12,649 metric tons.
Meanwhile, a total of 121,119 bags of rice seeds; 14,832 bags of corn seeds, and 2,199 kilograms of assorted vegetables were prepositioned to help affected farmers in CAR, Regions I, II, III, Calabarzon, and Mimaropa.
Farmers and fisherfolk will be given access to the department’s Quick Response Fund (QRF) for the rehabilitation of affected areas. They will also be provided with drugs and biologics for livestock and poultry needs. Meanwhile, the Survival and Recovery (SURE) Loan Program of the Agricultural Credit Policy Council (ACPC) will be tapped along with available funds from the Philippine Crop Insurance Corporation (PCIC) to indemnify the affected farmers. Source - https://mb.com.ph
15.10.2025

Insurance payouts for cotton farms in Azerbaijan over past three years disclosed

The volume of insurance payments made for cotton fields in Azerbaijan has exceeded 2.5 million manat ($1.47 million) in the last three years. The Agricultural Insurance Fund insures nearly 25,000 hectares of cotton fields.

15.10.2025

Chestnuts: mixed crop in Italy

In Europe, the climate crisis is a key issue for chestnuts. Much depends on size in Italy. In 2024, the country’s exports hit a record.

15.10.2025

Is the wine industry a new broker opportunity?

The French wine industry, the most lucrative in the world, is supported by numerous insurance brokers that specialise in risk managing and providing coverages for wineries and vineyards.

15.10.2025

France - Farmers devastated as extreme weather wipes out beloved crops

In a heartbreaking turn for farmers and food lovers alike, extreme storms in France's Tarn region have decimated this year's harvest of Lautrec pink garlic — a prized crop with protected status and deep cultural roots. 

15.10.2025

Philippines - Reforms in crop insurance and government lending programs will ensure “long-term stability in the agriculture sector.”

House Speaker Faustino “Bojie” Dy III tells the agricultural sector that the chamber under his leadership will back a better crop insurance system, aside from the provision of zero-interest loans for farmers.

15.10.2025

Armenia looks at Turkish experience with crop insurance

Armenia is now considering two models — the world’s two best examples are the Spanish Agroseguro model and the Turkish TARSIM model, which in fact was largely inspired by the Spanish one.

15.10.2025

Spain counts the cost of 'nightmare' wildfire summer

This August has been a nightmare for the local farmers. It ended up burning more than 20,000 hectares (49,000 acres) of land and causing thousands of people to be evacuated from villages in this farming-heavy corner of north-western Spain, near the Portuguese border.

15.10.2025

HUB launches livestock insurance program in Canada

Hub International Limited (HUB) has introduced a new livestock insurance program in Canada, expanding its agribusiness portfolio with tailored coverage for farm animal risks.