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

26.07.2019 715 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
07.09.2026

USA - Maui farmers brace for approaching storms after major crop losses in year of extreme weather

‘Oko‘a Farms owner Ryan Earehart didn’t know how badly Hurricane Lala had damaged his crops until weeks later when they struggled to produce. 

07.09.2026

Bhutanese Farmers Pioneer Hybrid Fencing to Combat Severe Wildlife Crop Damage

In a bid to secure food production and protect livelihoods, rural farmers in Bhutan are testing advanced universal hybrid fences to deter wildlife.

07.09.2026

Nigeria - NIA to close technical gaps in agriculture, reinsurance sectors

The Nigerian Insurers Association (NIA) has moved to strengthen technical capacity in two critical segments of the insurance industry, with the inauguration of dedicated Agricultural Insurance and Reinsurance Technical Committees to address emerging risks, improve underwriting standards and deepen expertise.

07.09.2026

Mozambique - EMOSE compensates 9,000 agricultural producers

Mozambique’s largest insurance company, the publicly owned EMOSE, disbursed 25 million meticais (390,000 US dollars at the current exchange rate) to compensate about 9,000 agricultural producers for the 2024-2025 seasons.

07.09.2026

China Expands Farm Financing as Food Security Becomes a Strategic Priority

Beijing is expanding credit, insurance and private investment in agriculture as China moves to strengthen food security and rural modernization.

07.09.2026

Philippines - DA offers interest-free loans as Cordillera agri damage tops P457M

Farmers and fisherfolk affected by the continuing rains in the Cordillera region can apply for interest-free calamity loans of up to PHP35,000, the Department of Agriculture - Cordillera Administrative Region (DA-CAR) said Monday.

06.09.2026

India Scales AgriStack AI to Modernize Farming Data

India’s Digital Agriculture Mission has registered over 10.3 crore farmers under AgriStack to enable data-driven crop management. 

06.09.2026

USA - Idaho finishes elk removal project to curb ag damage

Idaho Fish and Game has completed a two-phase project to remove 109 elk from private agricultural land in the Big Willow Creek drainage near Emmett in the state’s southwest.