The Philippine Crop Insurance Corporation (PCIC) is calling on farmers to avail of the free insurance that is made available by the government for six agricultural product lines.

PCIC-6 Regional Manager Eva Ulie Laud, in an interview on Monday, June 26, said that Western Visayas has an allocation of P480.69 million targeting 209,056 farmers and fisherfolks for six product lines, namely rice, corn, high-value crops, non-crop agricultural assets, livestock, and fisheries.

Iloilo has the biggest allocation of P189.87 million, followed by Negros Occidental with P84.12 million; and Capiz with P84.12 million.

The Aklan province has P45.67 million; Antique, P55.28 million; and Guimaras, P21.63 million.

Laud said that they are particularly campaigning for rice and corn farmers to avail of the insurance, which is very timely since it’s already the start of the planting season for first cropping.

“Within 15 days after they plant or before planting, they can already apply for crop insurance for rice and corn. It is important they are on our master list or with the RSBSA [Registry System for Basic Sectors in Agriculture],” she said.

They are advised to visit their municipal agriculture office and fill up the required form, she said.

She said that as of June 15, 2023, they have already insured 77,087 farmers for all product lines with fund utilization reaching P135.418 million. 

Further, 36,053 rice farmers were covered with a fund utilization of P61.629 million.

“Every household is allotted 1.5 hectares. We regulated it to 1.5 hectares so more farmers can avail of the free rice and corn insurance,” she added.

Beyond 1.5 hectares, farmers have to pay a premium of 10 percent of the amount covered or farm input not to exceed P20,000 per hectare.

Laud added that farmers who will plant late provided it’s within the first cropping season will still be accepted.

The wet season or first cropping season is from March until September this year. (PNA)