PCIC pays out P2.5 million to 300 farmers

BULA, Camarines Sur (Sep 16, 2011) - The Philippine Crop Insurance Corporation (PCIC) made a payout of P2.5 million to more than 300 farmers who suffered crop losses due to flood caused by Typhoon Juaning.

According to Gerry Obias, spokesman of PCIC Regional Office based in Legazpi City, a total of 312 farmers in the Rinconada district, including 75 farmers in the town of Bula and 35 farmers in Bato, are the beneficiaries of the said insurance payout. The farmer beneficiaries suffered losses in a combined area of 500.1 hectares.

Obias said that Agriculture Secretary Proceso Alcala had pushed for immediate payment of indemnity to farmers insured with PCIC.

The provincial government and municipal governments in flood-areas are in the process of raising funds to help farmers get their crops insured.

In addition the local government governments shall be providing low-cost or free seeds or seedling to farmers in areas recently affected by Typhoon Juaning. (With report from Ernie Verdadero)