Kalinga farmers to get P28M agri insurance subsidy to recover losses from disasters

Tabuk City, Kalinga – IKalinga farmers can expect help from the government in recovering from losses brought by natural calamities, pests, and diseases with the P28 million fund awarded for the subsidy of agricultural insurance premiums under the Registry System for Basic Sectors in Agriculture (RSBSA) and Agri-Agra program.

The certificate of allocation was awarded personally by President Ferdinand ‘Bongbong’ Marcos Jr. to the provincial government of Kalinga during his visit to Apayao last Friday, July 19.

The certificate was given ‘in recognition of the collaborative efforts between the Philippine Crop Insurance Corporation (PCIC) Region 02, and the provincial government in addressing the needs of farmers and fisherfolks affected by El Niño and other adverse climatic conditions’.

As contained in the certificate, over P13 million will be provided for 4,040 farmers who availed of the Rice Crop Insurance while 4,675 farmers shall benefit from the P12 million Corn Crop Insurance.

As for the livestock insurance amounting to nearly P2 million, it would be allotted to 1,590 farmers in the province.

As for those covered under the High-Value Crop Insurance – 174 farmers shall be getting the P351,664.38 insurance premium.

Meantime, 13 fisherfolks shall be the recipients of the P23,338.31 insurance under the Fisheries Insurance and 6 recipients for the Non-Crop Agricultural Asset Insurance amounting to P4,948.00.

Through the partnership with the Philippine Crop Insurance Corporation (PCIC) Region 02, said subsidies will be provided to the farmers for them to afford the insurance premiums.

The subsidy from the government targets to pay part of the insurance while farmers only pay what is left.

Having paid the insurance cost would mean they are protected from financial losses once their livelihood is impacted negatively by disasters as they can recover their investment during these times.

It is also through the insurance that they could avail loans from any lending institution.