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Bacolod City, Philippines Friday, January 11, 2019
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‘Bago farmers biggest
beneficiaries of crop insurance’


The Philippine Crop Insurance Corporation-Negros Occidental said yesterday that farmers from Bago City are the biggest beneficiaries of the crop insurance program in 2018, with indemnity claims worth P22.15 million.

Based on records furnished by PCIC-Neg. Occ. head, Jose Maria Torres, to the DAILY STAR, about 4,250 rice farmers from Bago, with an area of 5,095.4 hectares, received indemnity claims of P22,154,329.

This record was part of the overall claims, worth P87,012,970.80, of 18,005 rice and corn farmers in Negros Occidental, who are enrolled in the crop insurance program of the government.

Of the claims paid by PCIC, the 17,627 beneficiaries are rice farmers with 17,788.13 hectares, while 378 are corn farmers with 324.96 hectares of farm lands.

The PCIC also recorded that, last year, 44,690 Negrense farmers enrolled in the two major programs that offer free premium subsidy – the Registry System for Basic Sectors in Agriculture (RSBSA) and the provincial government-funded Negros First Universal Crop Insurance Program (NFUCIP).

This covers 37,568.69 hectares of agricultural lands, 17,338 livestock heads, and 1,425 fishing boats, with an estimate amount of coverage worth P1,048,219,248.

The number of farmers who enrolled last year amounted to P82,744,089.21 worth of premiums, the records said.

For the RSBSA program, there were 35,426 individuals who registered, where 22,433 are rice farmers, 1,037 corn farmers, 5,455 high-value commercial crop farmers, 12 fishermen, 6,051 livestock raisers, and 438 fishermen, who insured their fishing boats.

In the NFUCIP, 9,264 farmers enrolled, composed of 8,104 rice farmers, 173 corn farmers, and 987 fishermen.

The PCIC also recorded that last year, 39,222 farmers enrolled in their Accident and Dismemberment Security Scheme program, which amounts to P1,938,644,200 worth of coverage, and P2,102,750.23 worth of premium.*


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