
Gov't to Release P36M Insurance Payouts to Storm-Hit Farmers
The Philippine government will release P36 million in insurance payouts to farmers affected by storms Luis, Maymay, and the southwest monsoon, aiming to help them recover from losses to crops and farm machinery.
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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.
- 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.