Farmers and fisherfolk in Cebu province stand to benefit from the expanded agri-fishery insurance program of the provincial government.
Provincial Agriculturist Dr. Roldan Saragena said the expanded insurance program should protect more beneficiaries and their livelihood from unforeseen incidents.
“This year, the Capitol has budgeted P10 million as insurance premium. It targets 16,000 farmers and fishermen, 5,000 hectares of assorted crops and vegetables, 4,000 heads of livestock and 1,500 fishing boats,” it said.
According to the provincial government, the insurance program now covers bigger farm areas, and more farm products and commodities per farmer.
High value commodities such as banana, coffee, cacao, and cassava have been added, it said.
Covered as well are ornamental plants, pullets/layers, broilers as well as fish cages.
The agri-fishery insurance program is offered free to qualified beneficiaries.
Beneficiaries must be members of farmer’s or fishermen’s cooperatives, associations or organizations duly recognized by the LGU, or other government agencies.
Governor Hilario Davide III signed the memorandum of agreement with Philippine Crop Insurance Corporation (PCIC), the provincial government said.
It added more beneficiaries are expected to enrol in the Capitol’s agri-fishery insurance program as the PCIC already stopped its Yolanda (Haiyan) insurance program this year.
From January to May 2016, the provincial capitol’s agri-fishery insurance insured 6,278 farmers and fishermen.
During the same period, the PCIC approved P340,000 for the indemnity claims of 86 farmers and fishermen in the province.
PCIC regional manager Crescencio Deligero expects the amount of indemnity claims for the entire Cebu could still rise as El Niño hit the province.
Other farmers and fishermen were also enrolled in the Department of Budget and Management’s Registry System for Basic Sectors in Agriculture.
Image from cebu.gov.ph website