Thursday, October 3, 2013

ARBs receive indemnity thru DAR-PCIC Agri Insurance Program

Most of palay, corn destroyed during 3rd quarter draught

A farmer-beneficiary receives indemnity check for his drought-damaged crops 
ALCALA, CAGAYAN -The Department of Agrarian Reform (DAR) and the Philippine CropInsurance Corporation (PCIC) is presently distributing crop loss indemnity checks in favor of affected agrarian reform beneficiaries (ARBs) who have availed of the DAR-PCIC Agrarian Reform Beneficiary-Agricultural Insurance Program(ARB-AIP) in Cagayan province.
According to Virgilio M. Acasili, Provincial Agrarian Reform Officer (PARO) of Cagayan-Batanes offices (DARPO-Batanes has been annexed to DARPO-Cagayan), they have already paid some of the farmers through Land Bank checks in order for them to be able to at least purchase the seeds/inputs needed for the next planting season without having to resort to heavy borrowing from usurers.
The first and second batches of indemnity payments amounting to a total of Php5,354,721.97 were made for ARBs in the municipalities of Alcala, Amulung, Piat, Gattaran, Lasam, Solana, Sto. Nino and Tuao where some 718.98 hectares of palay and corn cultivated by 449 agrarian reform beneficiaries (ARBs) were destroyed by the draught. Another set of schedule for payments of crop indemnity for affected ARBs in other municipalities have been calendared within this month of October 2013.
The ARB-AIP is a P17.1 billion crop insurance coverage plan between the DAR and PCIC, an attached agency of the Department of Agriculture (DA), wherein the DAR provides a premium subsidy worth P1 billion.
The insurance program benefits agrarian reform beneficiaries who are members of agrarian reform beneficiary organizations (ARBOs) in Cagayan province.
The ARB-AIP will provide protection for over 224,000 ARBs and members of their households nationwide who are farming around 330,000 hectares of land and raising approximately 30,700 farm animals.
It is a safety net for ARBs against losses caused by crop pests, diseases; losses from damage of farm machineries; and also from the devastating unpredictable weather patterns due to climate change.
In addition, an ARB covered under the program shall receive protection against loss of life or limbs under an Accident and Dismemberment Security Scheme. By:christiandsales

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