Philippines - NegOcc allots P5-M additional fund for crop insurance

26.07.2019 367 views
With the recent surge in the number of farmers affected by calamities like typhoon, the Provincial Government of Negros Occidental, through the Office of the Provincial Agriculturist (OPA), has allotted P5 million as additional fund for its Negros First Universal Crop Insurance Program (NFUCIP). Provincial Agriculturist Japhet Masculino said the additional insurance fund was already approved by the provincial board during its regular session earlier this week. It will cover the farmers’ enrolment premium of P840 each, for their crops alone. The enrolment premium can reach up to P1,175 if including life insurance. Masculino said calamities can happen anytime thus, it is better if farmers are enrolled so they can receive indemnity claims. “For the recent drought, from January to June this year, the Philippine Crop Insurance Corporation (PCIC) distributed at least P64 million for about 13,000 farmers in Negros Occidental,” he said, adding that “we only have minimal fund left for our crop insurance program.” Implemented starting 2011, the NFUCIP is an initiative of the provincial government in partnership with the PCIC. Under which farmers may avail themselves of the P17,000 claim per hectare of damaged farms. Based on the modified guidelines of the program, the enrollment premium per cropping season is shouldered by the provincial government as a loan. In the previous coverage, only P500 is being shouldered by the province while the remaining P340 is the counterpart of the farmer-enrollees. Enrollees should apply for insurance before planting and farms covered by the program are those planted for not less than 25 days. Masculino recalled that agriculture sector of the province, excluding sugarcane, has incurred damage losses worth about P174 million due to El Niño phenomenon during the first half of the year. This is on top of about P17.7 million in rice production losses brought by the recent onslaught of Tropical Storm Falcon. The amount covers 1,584 affected-farmers with 2,529.31-hectare farms in 59 barangays of six localities in the southern part of the province. Masculino said that under NFUCIP, the province was able to cover some 60,000 enrolled-farmers last year. If based on the two cropping seasons, the number would reach up to 100,000 farmers. “We continue to urge farmers to insure their crops to lessen possible adverse effects of calamities,” he said, urging enrolled-farmers affected of calamities to immediately file notices of loss so they can avail indemnity claims. Source - https://www.sunstar.com.ph
17.11.2025

USA - USDA to release second stage of disaster aid for farmers

USDA announced Monday it will release additional aid for farmers impacted by disasters during crop years 2023 and 2024. The funding is the second stage of the Supplemental Disaster Relief Program approved by Congress in December. It will partially compensate farmers who suffered crop, bush, vine and quality losses not covered by SDRP stage 1. 

17.11.2025

Philippines Launches First Parametric Insurance for 14,200 Filipino Fishers

The Philippines has launched its first parametric insurance programme for small-scale fishers, a pilot initiative aimed at protecting livelihoods from income losses caused by bad weather.

17.11.2025

Canada - Game-changing program seeks to solve major problem in agriculture industry

An environmental organization has teamed up with a Canadian district to address waste in the region's agricultural sector. 

17.11.2025

USA - Wisconsin dials back livestock fee increases after outcry from farmers

An outpouring of public comments prompted state agriculture officials to reduce planned fee increases for livestock markets, dealers and truckers.

17.11.2025

India - Farmers devastated as extreme storms destroy key crops

Due to torrential rainfall and flooding, the southern Indian district of Yadgir has suffered devastating crop losses, The Hindu reported. 

17.11.2025

Uzbekistan - Farmers to Be Able to Insure Their Crops

Starting from 2026, Uzbekistan will introduce a voluntary crop insurance system. It is planned that half of the insurance expenses will be covered by the state budget.

16.11.2025

Extreme flooding leads to concerning decrease in rice yields over the last 30 years, scientists say

Extreme flooding has led to a significant reduction in one of the world's most important food staples, according to new research.

16.11.2025

South Korean growers sue state power utility, blaming climate change for crop damage

Hwang Seong-yeol stood at the edge of a golden field, watching nervously as a combine harvester crawled through his rice, churning up mud and stalks.