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Bacolod City, Philippines Tuesday, January 16, 2018
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Neg Occ gets
P70M PCIC subsidy

About P350 million worth of full insurance premiums for farmers, fisherfolk, and livestock raisers in Western Visayas, under the Registry System for Basic Sectors in Agriculture (RSBSA) of the Philippine Crop Insurance, will be allotted in 2018.

PCIC provincial office manager, Jose Maria Torres, said yesterday that the P350 million is part of the total P3.5 billion premium allotted by the government this year for RSBSA, under the General Appropriations Act.

With Region 6 having P350 million, about P70 million in premium subsidy will go to Negros Occidental, he added.

This year's budget is higher than last year's, where Western Visayas had P267 million and Negros Occidental allotted P52 million out of the P2.5 billion allotted for the whole country.

The premium subsidy allotted for Region 6 last year has been fully exhausted, he said, adding that they exceeded P267 million and are now reaching P305 million, based on their tally.

PCIC-Neg. Occ. also observed that last year, enrolment of insurance for livestock and high value commercial crops increased, despite the decrease in the rate of insuring rice and corn crops, he said.

Torres also said that the enrolment for crop insurance in Negros may also increase this year, especially because of a weak La Niña episode early this year.

“We are ready to insure those who have been enrolled in PCIC if they were affected by La Niña this year,” he said.

With this phenomenon, PCIC did not cut off the enrolment for farmers enrolling their rain-fed rice areas or those without access to irrigation systems in the province.

He also reported that a total of P6.2 million worth of indemnities for Negros Occidental will be distributed to those affected by typhoons Urduja and Vinta late last year.

The indemnities are part of the P76.4 million for Western Visayas that also include damages incurred during tropical depression Agaton. *MLG

 

 

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