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PCIC spends close to P5-B for farmers’ crop insurance in 2018

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MANILA — The Philippine Crop Insurance Corporation (PCIC) spent a total of PHP4.99 billion to insure crops of 85,999 Agrarian Reform Beneficiaries (ARBs) for the year 2018 alone.

MANILA — The Philippine Crop Insurance Corporation (PCIC) spent a total of PHP4.99 billion to insure crops of 85,999 Agrarian Reform Beneficiaries (ARBs) for the year 2018 alone.

The move is under the financing assistance of the Agrarian Production Credit Program (APCP), Credit Assistance Program for Program Beneficiaries Development (CAP-PBD), Department of Agrarian Reform (DAR), Landbank of the Philippines and the Department of Agriculture.

Based on DAR data released on Thursday, the amount includes PHP496.078 milllion of premium subsidy cover that was availed of by 15,091 farmers.

 

See full article at Philippine News Agency

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