PCIC Readies P36M Payouts for Farmers Hit by Typhoons, Monsoon
Environment

PCIC Readies P36M Payouts for Farmers Hit by Typhoons, Monsoon

The Philippine Crop Insurance Corp. (PCIC) is preparing P36 million in payouts for 5,005 farmers affected by recent typhoons and the southwest monsoon, according to the Department of Agriculture. Rice crops sustained the largest insured losses, totaling P25.60 million, highlighting the need for swift farmer assistance.

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  • PCIC Allots P36M in Payouts for Farmers Hit by Flooding

    The Philippine Crop Insurance Corp. (PCIC) will disburse P36 million in insurance payouts to 5,005 farmers affected by typhoons and heavy rains from the southwest monsoon. The Ilocos Region, Central Luzon, and Mimaropa reported the most significant losses, with rice, corn, and high-value crops being the most affected.

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