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

26.07.2019 534 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
21.05.2026

India - ₹247 crore released to provide UP farmers’ crop insurance

UP govt approved Rs 450 crore subsidy as part of the National Crop Insurance Programme (NCIP), a crucial protective measure for farmers amid instances of crop damage caused by inclement weather. 

21.05.2026

Philippines - Pioneer sees growing demand for ‘sachet-style’ insurance

Pioneer Group of Companies sees rising demand for “sachet-style” insurance products as climate-related risks heighten vulnerabilities among low-income communities in the Philippines.

21.05.2026

USA - San Joaquin cherry crop hit by heat and rain damage

Cherry growers across California are reporting major crop losses following early-season heat and rain events that affected fruit set, quality, and harvest conditions during the 2026 season.

21.05.2026

Foreign Investors Target Nigerian Insurance Firms Ahead of Recapitalisation Deadline

Foreign investors are increasingly seeking majority stakes in Nigerian insurance companies ahead of the sector’s recapitalisation deadline, reflecting growing confidence in the industry’s long-term growth prospects and expected market consolidation.

21.05.2026

Flood damage adds new pressure on South Africa’s agriculture sector

South Africa’s agriculture sector is facing mounting pressure from recent floods in the Western Cape and other parts of the country, even as prospects for strong harvests in several subsectors remain positive, according to the Agricultural Business Chamber of South Africa (Agbiz).

21.05.2026

Philippines - Capisnon farmers receive indemnity checks from PCIC, boosting agricultural recovery efforts

A total of 384 farmers from the municipalities of Dao, Cuartero, and Dumarao received indemnity checks from the Philippine Crop Insurance Corporation during a distribution event held on May 19, at the Cuartero Civic Center.

20.05.2026

Georgian spring frosts damage seasonal fruit crops

April frosts have seriously damaged seasonal fruit crops in Georgia, according to agronomist and farmer Akaki Glonti, who commented on the situation amid continuing price growth.

20.05.2026

USA - New Jersey declares State of Emergency and seeks Disaster designation after April freeze causes USD 300 million in crop losses

New Jersey declared a State of Emergency on May 20, 2026, and requested a federal Disaster designation after freezing temperatures between April 19 and 22 caused widespread agricultural damage across the state during a critical growing stage.