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Review of Design and Implementation of the Agricultural Insurance Programs of the Philippine Crop Insurance Corporation

DP 2015-07
2015

The situation of the poor who participate in the country`s agricultural sector has been exacerbated by the increasingly prevalent natural calamities, pests, and other such unpredictable event. However, there are certain risk management tools that aid in lessening the farmers` financial burden when losses related to such natural disasters are incurred. One of them is the crop or agricultural insurance. In the Philippines, the Philippine Crop Insurance Corporation (PCIC) is the government organization that implements rice, corn, high-value commercial crop, livestock, noncrop agricultural asset, fishery, and term insurance programs. The question thus arises regarding the effectiveness and sustainability of the said programs. It is thus the purpose of this study to review the design and implementation of the PCIC`s insurance programs. Key informant interviews and focus group discussions with various PCIC clients and partners in selected regions of the country, together with desktop review and secondary data analysis, were conducted.

Citations

This publication has been cited time(s).

  1. Conrado, Vilma et. al, 2017 "Evaluation of the impact of Agricultural Insurance Program of the Philippine Crop Insurance Corporation on agricultural producers in Region 02 (Cagayan Valley), Philippines" , Philippine Institute for Development Studies

  2. He, Juan, 2018 "Advantageous selection in crop insurance: Theory and evidence" , Wiley Blackwell

  3. He, Juan and Xiaoyong Zheng, 2017 "Does crop insurance really reassure farmers? A puzzle and its explanations based on field data" ,

  4. He, Juan, Xiaoyong Zheng, Roderick Rejesus, and Jose Yorobe, 2020 "Input use under cost‐of‐production crop insurance: Theory and evidence" , International Association of Agricultural Economists

  5. He, Juan, Xiaoyong Zheng, Roderick Rejesus, and Jose Yorobe, 2019 "Input use under cost-of-production crop insurance: Theory and evidence" ,

  6. Deluna, Roperto Jr. S., Jennifer E. Hinlo, Michael L. Ayala, 2016 "Impact evaluation of banana insurance program of the PCIC in the Davao region" , Philippine Institute for Development Studies

  7. Mutaqin, Dadang Jainal and Koichi Usami, 2019 "Smallholder farmers’ willingness to pay for agricultural production cost insurance in Rural West Java, Indonesia: A Contingent Valuation Method (CVM) approach" , MDPI


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