PCIC: 44,690 Ne­gocc farm­ers, fish­er­folk avail P83-M in­sur­ance premium sub­sidy

Sun Star Bacolod - - Business - BY ER­WIN P. NICAVERA

THE Philip­pine Crop In­sur­ance Corp. (PCIC) re­ported that 44,690 farm­ers and fish­er­folk in Ne­gros Oc­ci­den­tal have availed al­most P83 mil­lion worth of crop in­sur­ance premium sub­sidy from the gov­ern­ment for 2018.

Pcic-ne­gros Oc­ci­den­tal records showed that of the fig­ure, the bulk was uti­lized for farm­ers and fish­er­folk en­rolled un­der Reg­istry Sys­tem for Ba­sic Sec­tor in Agri­cul­ture (RSBSA) amount­ing to P72.9 mil­lion.

Of which, al­most P56.5 mil­lion is for the crop sec­tor cov­er­ing 28,937 re­cip­i­ents of rice, corn, high­value crops, and fish­ery in­sur­ance lines with a to­tal area of 27,846.19 hectares.

The live­stock sec­tor with 6,051 re­cip­i­ents cov­er­ing 17,338-hectare com­bined ar­eas availed al­most P15.8 mil­lion in sub­sidy, and non­crop in­sur­ance (NCI) par­tic­u­larly fish­ing boats worth P690,400 for 438 fish­er­folk.

Re­ports fur­thered showed the re­main­ing P9.8 mil­lion worth of crop in­sur­ance premium sub­sidy was availed by farm­ers and fish­er­folk en­rolled un­der Ne­gros First Uni­ver­sal Crop In­sur­ance Pro­gram (NFUCIP) last year.

Of the sub­sidy, al­most P8.3 mil­lion has been availed by 8,277 rice and corn farm­ers in the prov­ince with to­tal area of 9,772.50 hectares.

For NCI, also fish­ing boats, 987 farm­ers availed P1.5 mil­lion, it added.

Jose Ma. Tor­res, head of Pcic-ne­gros Oc­ci­den­tal Provin­cial Ex­ten­sion Of­fice, said the re­ported amount of uti­lized premium sub­sidy only cov­ered those availed through NFUCIP and RSBSA.

NFUCIP is be­ing im­ple­mented in part­ner­ship with the Provin­cial Gov­ern­ment of Ne­gros Oc­ci­den­tal, through the Of­fice of the Provin­cial Agri­cul­tur­ist (OPA), while RSBSA is through the De­part­ment of Bud­get and Man­age­ment (DBM).

Other crop in­sur­ance pro­grams im­ple­mented by the PCIC in­cluded Agrar­ian Pro­duc­tion Credit Pro­gram (APCP), and Sikat Saka Pro­gram (SSP), among oth­ers.

Tor­res pointed out that the premium sub­sidy, in rice and corn for in­stance, is 10 per­cent of the to­tal “amount of cover” or the value that can be claimed by en­rolled farm­ers and fish­er­folk.

“The na­tional gov­ern­ment is pay­ing the PCIC for the in­sur­ance premium sub­sidy. The fund is down­loaded by the DBM,” he said, adding that premium is free as long as farm­ers and fish­er­folk are in­cluded in the master list of RSBSA or en­rolled in other in­sur­ance pro­grams.

For 2019, the na­tional gov­ern­ment has al­lo­cated P3.5 bil­lion in RSBSA premium sub­sidy and in­dem­nity claims na­tion­wide.

Of which, P374 mil­lion is in­tended for Re­gion 6 in­clud­ing Ne­gros Oc­ci­den­tal.

On Wed­nes­day, Pci­c­ne­gros Oc­ci­den­tal re­ported that the agency paid in­dem­nity claims to­tal­ing to al­most P87 mil­lion to 18,005 en­rolled rice and corn farm­ers in Ne­gros Oc­ci­den­tal for 2018.

The bulk of the claims amount­ing to al­most P85.9 mil­lion were paid to 17,627 rice farm­ers cov­er­ing an area of 17,788.13 hectares.

The re­main­ing P1.327 mil­lion was paid to 378 farm­ers with ar­eas to­tal­ing to 324.96 hectares, it added.

Mean­while, aside from crop in­sur­ance, 39,222 lo­cal farm­ers and fish­er­folk also availed ac­ci­dent and dis­mem­ber­ment in­sur­ance last year.

Each of them, who paid P50 as premium, re­ceived P50,000 in cov­er­age.

Tor­res ear­lier said that in­sur­ance pro­grams are vi­tal as these en­able farm­ers to re­cover from pos­si­ble losses brought by calami­ties and other fac­tors.*

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