NegOcc farmers receive P16-M crop insurance

first_imgHe added that a beneficiary of an insured farmer who recently died was also able to receive burial and life insurance amounting to P55,000. BACOLOD City – The provincial government has released P16 million worth of indemnity claims granted by the Philippine Crop Insurance Corp.(PCIC) to farmers affected by calamities.Gov. Eugenio Jose Lacson and Provincial Agriculturist Japhet Masculino led the turnover rites attended by some of the recipients at the Provincial Capitol grounds here on June 22. Under the NFUCIP, farmers may avail themselves of P17,000 per hectare of a damaged farm. Based on the modified guidelines of the program, the P840 enrollment premium per cropping season is shouldered by the provincial government as a loan. The agricultural crop insurance covers damage on rice, corn, high-value crops, and sugarcane. The OPA is implementing the Negros First Universal Crop Insurance Program (NFUCIP), an initiative of the provincial government in partnership with the PCIC.center_img “It’s good that you are able to participate in this program. If your crops are affected by calamity, the insurance will help you start over,” said Lacson. As of May 2020, some 52,679 farmers in this province with a total of 60,818.5 hectares of farms are enrolled in the program.(With a report from PNA/PN) Masculino, for his part, stressed it is important that farmers are enrolled to be able to receive indemnity claims for their damaged crops. The amount was intended for a total of 3,296 farmers from various cities and municipalities, records of the Office of the Provincial Agriculturist (OPA) showed.last_img