Philippine Crop Insurance For Farmers

By | July 8, 2018

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Philippine Crop Insurance for farmers is very important.

In this regard, Senator Cynthia Villar announced that the Senate is poised to approve her proposed law creating a climate-based insurance fund for farmers.

Senator Cynthia Villar is the Chairperson of the Senate Committee on Agriculture and Food.

philippine crop insurance

Philippine Crop Insurance | Image Credit To Owner

She said, “Our farmers would then have a sense of pride. They would no longer queue for calamity assistance but instead would go to an insurance company (to file a claim for cash indemnity),” she said on Sunday (July 1) during a ceremony marking Davao del Norte’s 51st founding anniversary.

“We are in the final stages of bringing to the (Senate) plenary what we call the Free Index Base Crop Insurance for all farmers in the Philippines,” she added.

Villar said the measure would enable the government, in partnership with the private sector, to provide specialized insurance to farmers affected by typhoons and other natural disasters.

Envisioned to make insurance policies accessible to farmers, climate-based crop insurance is absolutely new in the country but the committee has already consulted a number of experts, and “we are in the final stages of bringing it to the plenary,” she said.

In another vein, Villar lauded Governor Anthony del Rosario for integrating into his development plans the project of enrolling all rice farms with the Philippine Crop Insurance Corp.

She expressed appreciation of the provincial government’s efforts to strike a balance between agriculture and the environment, saying “agriculture will not be viable without sustainable natural resources.”

Villar stressed the importance of sustainable agriculture along with her aspiration to elevate the standard of living of Filipino farmers and fisherfolks before she ends her term in the Senate.

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