Author Topic: Farmers, fisherfolks receive Php1.6-B crop insurance payments in 2016  (Read 526 times)

MikeLigalig.com

  • FOUNDER
  • Webmaster
  • *****
  • Posts: 33285
  • Please use the share icons below
    • View Profile
    • Book Your Tickets on a Budget
Farmers, fisherfolks receive Php1.6-B crop insurance payments in 2016
By Leslie D. Venzon

MANILA, Feb. 9 (PNA) -- Close to 235,000 farmers and fisherfolks received Php1.6 billion in crop insurance payments in 2016, initial reports from the Philippine Crop Insurance Corp. (PCIC) show.

The PCIC said the indemnity payment allowed them to restart their operations after farm damage caused by the El Niño phenomenon and several typhoons and flooding last year, and prevent significant disruption in the supply of food in the market.

Collectively, these insured farmers operated 919,814.81 hectares, an expansion of 7.52 percent from the total farm area of 855,504.53 hectares covered by PCIC’s services in 2016.

The PCIC insured a total of 1.075 million farmers and fisherfolks in 2016.

It was the second time that PCIC shelled out indemnity payment at the billion-peso level. The indemnity payment was 16 percent more than the Php1.38 billion paid in 2015.

In terms of premium income, the PCIC generated Php2.59 billion, while its total amount of insurance cover reached Php41 billion. (PNA)

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=85417.0
John 3:16-18 ESV
For God so loved the world, that he gave his only Son (Jesus Christ), that whoever believes in him should not perish but have eternal life. For God did not send his Son into the world to condemn the world, but in order that the world might be saved through him. Whoever believes in him is not condemned, but whoever does not believe is condemned already, because he has not believed in the name of the only Son of God.

👉 GET easy and FAST online loan at www.tala.com Philippines

Book tickets anywhere for planes, trains, boats, bus at www.12go.co

unionbank online loan application low interest, credit card, easy and fast approval

Tags: