Skip to content

CPAP

Home » 2 million farmers to get free crop insurance

2 million farmers to get free crop insurance

  • by
Home-ToCPAP

The Philippine Crop Insurance Corp. (PCIC) will extend P65.1 billion worth of free crop insurance coverage to more than 2 million farmers and fishermen this year to help them cope with the ill effects of climate change on farm production.

The Philippine Crop Insurance Corp. (PCIC) will extend P65.1 billion worth of free crop insurance coverage to more than 2 million farmers and fishermen this year to help them cope with the ill effects of climate change on farm production.

During the “Usapang Sakahan” media forum organized by the Philippine Agricultural Journalists, PCIC President and CEO Jovy C. Bernabe said Congress had allocated P3.5 billion for the government’s free crop insurance program this year.

“This year is the first time that we will cover more than 2 million farmers, and the amount of insurance covered around P65 billion,” Bernabe told reporters during the media forum held in Quezon City on Tuesday.

See full article at Business Mirror

Loading

Leave a Reply

Your email address will not be published. Required fields are marked *