To cover the crop insurance premium of subsistence farmers and fisherfolk in the country, the Department of Budget and Management has released P4.5 billion and its corresponding Notice of Cash Allocation for the 1st Quarter of the year in the amount of P900 million to the Philippine Crop Insurance Corp.
“In light of the escalating challenges posed by climate change, which heightens the risks to both our economy and food security, it becomes imperative to prioritize the provision of financial security and insurance to empower our farmers and fishermen.MANILA, Philippines — To cover the crop insurance premium of subsistence farmers and fisherfolk in the country, the Department of Budget and Management has released P4.
For this year, PCIC’s authorized appropriation of P4.5 billion under the 2024 General Appropriations Act is expected to cover the full cost of crop insurance premiums of over 2.292 million targeted farmers. “Our cooperation to improve our agriculture sector is one of the first steps to a Bagong Pilipinas – where no one will starve and everyone contributes to a bountiful future,” the President expressed.
China conducted military"combat patrols" in the disputed South China Sea, its army said, the same day as joint drills by...
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