Congress is targeting to enact into law a measure that would provide farmers with free index-based crop insurance before the end of the year, according to the chairman of the Senate Committee on Agriculture and Food.
Congress is targeting to enact into law a measure that would provide farmers with free index-based crop insurance before the end of the year, according to the chairman of the Senate Committee on Agriculture and Food.
Sen. Cynthia A. Villar, the committee chairman, said weather-based crop insurance would afford farmers a “more convenient way” of receiving indemnity in times of disaster.
“We like this [measure] because the money will come from our fund for calamity. Instead of giving funds for calamity, we will just give farmers climate-based crop insurance,” Villar told reporters in a recent interview.
See full article at Business Mirror
