Tuesday, November 21, 2017

HR Bill okeys funding for DAR and DA to insure ARBs under PCIC

The House of Representatives’ Appropriations Committee has approved the provision for funding of a full insurance coverage for all qualified Agrarian Reform Beneficiaries (ARBs) of the Comprehensive Agrarian Reform Program (CARP). Under the Bill, the Department of Agrarian Reform (DAR) and the Department of Agriculture (DA) are required to include in their agencies’ programs the operational requirements for the implementation of the ARB insurance program. The House Committee on Agrarian Reform has already endorsed the Bill for plenary approval.

The ARB insurance intends to provide crop insurance protection covering about 224,000  ARBs or members of their farming households involving some 330,000 hectares of agricultural land  and raising some 30,700 farm animals. The bill would provide ARBs with the insurance protection against compensable losses arising from natural calamities, plant diseases, and pest infestations of their crops and those affecting their livestock and farm machineries.

Specifically, compensable losses from which ARBs are insured include natural calamities such as typhoon, flood, drought, earthquake, volcanic eruption, frost, and other destructive natural phenomena such as heat and hot wind. These also include plant diseases caused by pathogens, bacteria, fungi, viruses, virus-like pathogens and other similar foreign bodies, pest infestations caused by nematodes, insects, mites and spiders, millipedes and centipedes, symphylans, slugs and snails, among others, and loss of life and/or injury to the qualified ARB from accident or any other causes.

The insurance shall cover crops such as: palay; corn; sugarcane; high-value crops as defined in Section 4 (b) of RA No. 9700, otherwise known as the “High-Value Crops Development Act of 1995.” Also covered are coconut; tobacco; aquaculture; livestock; and non-crop agricultural assets.

The Bill would complement the already existing agricultural insurance for ARBs presently participating in the agrarian reform production credit program (APCP) and the credit assistance programs for program beneficiaries development in the financing programs implemented by the DA, DAR, Land Bank which cover all the regular insurance as implemented by the PCIC.

Insured ARB in Solana, Cagayan receives indemnification from typhoon damage in Solana, Cagayan.

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