DAR Assistant Regional Director Paramon Furigay said the CICs certify the farmers as recipients of agricultural insurance program (AIP) of DAR in partnership with Philippine Crop Insurance Corporation (PCIC).
Furigay said the DAR allocated P1-billion funds to ease the burden of the ARBs from paying their supposed 10% insurance premiums.
“The insurance will be good for two cropping seasons, after which, they have to apply anew for the next insurance coverage,” he said.
“The DAR had observed that the farmers used to pay 10% premium for crop insurance. This is already a big amount to them, which can be converted into earnings instead of being channeled for the insurance,” Furigay said.
Furigay said that agricultural insurance is very important to the farmers because it serves as a safety net in times of calamity. “At least the farmers would not bear the losses and they can be assured of at least a break even through this insurance program,” he said.
Furigay said that to avail themselves of the insurance program the applicant must be an agrarian reform beneficiary, his/her dependent or a leaseholder.
The CIC recipients are made up of 272 ARBs in the municipality of Aglipay, 69 in Saguday, 716 in Diffun and 475 in Maddela.