Philippines - NegOcc turns over almost P5-M crop insurance fund to PCIC

15.10.2019 443 views
The Negros Occidental provincial government has released PHP4.92 million to the Philippine Crop Insurance Corp. (PCIC) as additional allocation for farmers’ premiums. Governor Eugenio Jose Lacson turned over the check to PCIC Regional Manager Eva Laud during their meeting at the Provincial Capitol on Thursday, in the presence of Jose Ma. Torres, head of PCIC-Negros Occidental Provincial Extension Office, and Provincial Agriculturist Japhet Masculino. The Office of the Provincial Agriculturist (OPA) is implementing the Negros First Universal Crop Insurance Program (NFUCIP) in partnership with the PCIC. Earlier, Masculino said the Provincial Board approved the additional fund in July in the wake of the natural calamities affecting the province’s agriculture sector. He said calamities can happen anytime thus, it would be better if farmers are enrolled to be able to receive indemnity claims. Following the drought from January to June this year alone, the PCIC had distributed at least PHP64 million in claims to about 13,000 farmers in Negros Occidental. In the first half of the year, the province’s agriculture sector, excluding sugarcane, incurred production losses of about PHP174 million due to El Niño. After Tropical Storm Falcon, rice farmers also reported losses amounting to PHP17.7 million. A total of 1,584 farmers were affected, with 2,529 hectares of farms in 59 barangays of six localities in southern Negros. Under the NFUCIP, farmers may avail themselves of the PHP17,000 claim per hectare of damaged farms. The PHP840 enrollment premium per cropping season is shouldered by the provincial government as a loan. Source - https://www.pna.gov.ph
03.03.2026

Bangladesh - Incomplete dam work sparks fear of crop loss in Sunamganj haor areas

Farmers in the haor areas of Sunamganj are gripped by anxiety as unfinished crop protection dams threaten to submerge their Boro fields amid fears of an early influx of water originating from the upstream Indian mountainous regions.

03.03.2026

Vietnam - Aid for agricultural insurance premiums proposed to rise

Although agricultural insurance policies have been piloted since 2011, the sector remains new and high risk, creating multiple challenges in implementation.

03.03.2026

Ukraine - State compensates farmers up to 60% of crop insurance cost

The Ministry of Economy of Ukraine is launching a large-scale program to support agricultural producers. 

03.03.2026

Morocco - Flood-hit villages near Ksar el-Kebir await aid as damage assessments continue

Rural communes near the city of Ksar el-Kebir, recently declared disaster zones by the government, are seeing an intensified effort by agricultural officials to assess crop losses caused by flooding and torrential rains.

03.03.2026

Philippines - P7-M climate, disaster insurance shield rolls out for Iloilo agrarian reform beneficiaries

Thousands of agrarian reform beneficiaries (ARBs) in Iloilo are set to receive P7 million worth of fully subsidized crop and asset insurance as the Philippine Crop Insurance Corporation (PCIC) in Western Visayas and the Department of Agrarian Reform (DAR)-6 formalized a partnership aimed at fortifying farmers against climate shocks, natural disasters, and market uncertainties.

03.03.2026

Pakistan - ADB delegation visits SECP to discuss insurance reforms

A delegation from the Asian Development Bank (ADB), led by Country Director Ms. Emma Fan and including Mr. Salman Mian and Dr. Raja M. Ali Saleem, visited the SECP Head Office. 

02.03.2026

Moldova’s agriculture grew by about 14% in 2025, against the backdrop of the advancement of plant production

Last year, the agricultural production in Moldova recorded an increase of approximately 14%. 

02.03.2026

Nigeria - FG Urged to Expand NAIC Insurance Coverage for Smallholder Farmers

The Minister of State for Agriculture and Food Security, Sen. Dr. Aliyu Sabi Abdullahi, has urged the Federal Government to expand insurance coverage to more smallholder farmers across Nigeria.