The Philippine Crop Insurance Corp. (PCIC), an agency of the Department of Agriculture (DA), said it set a target of P65 billion worth of insurance coverage for two million farmers and fisherfolk this year, with the policies it hopes to write to be worth 30% more compared with 2017. In 2017, it wrote policies worth P50.03 billion for 1.52 million farmers and fisherfolk who are part of the program. The PCIC received a subsidy of P3.5 billion in this year’s General Appropriations Act, against P2.5 billion a year earlier.

Mogato, A. G. A. (2018, January 17). PCIC targets P65-billion crop insurance coverage for 2 million farmers, fisherfolk. BusinessWorld, p. S1/4.