LATEST PUBLICATIONS
DP 2019-10
The Philippines' Voluntary National Review on the Sustainable Development Goals
PN 2019-11
Effects of TRAIN Fuel Excise Taxes on Goods and Prices
PN 2019-10
Impacts of TRAIN Fuel Excise Taxes on Employment and Poverty
PJD 2017 Vol. 44 No. 1d
Impact of Foreign Linkages on Innovation Activity of Manufacturing Firms in CALABARZON
Publication Detail
DP 2016-43: Evaluation of the Impact of the Agricultural Insurance Program of PCIC on Rice Producers in Region VI

Rice is the most important agricultural commodity in Western Visayas, being one of the top producers of rice in the country. Rice production, however, is a highly risky venture in disaster-prone Philippines. Majority of the rice farms in the region are small farm holders who are more vulnerable to crop damages and diseases. To reduce small farmersí vulnerability, the government provides social insurance through the Philippine Crop Insurance Corporation (PCIC). Crop insurance is viewed as a risk management tool that can stabilize farmers' income and consumption after experiencing perils, hence a promising strategy to reduce poverty. With the substantial amount of public funds that goes to PCIC, it is important to know whether its services bring positive impacts to small-scale farmers.

The results of the impact evaluation showed that crop insurance had a positive impact on rice farmers during the period of observation. It increased access to credit, smoothened consumption, and increased net income from rice production. The impact on income is particularly pronounced among smaller farms. It is recommended that PCIC should expand to small farm holders to maximize the benefits of the crop insurance program.



Philippine Institute for Development Studies
Authors Keywords
Defiesta, Gay; Mediodia, Hanny John; Philippines; agriculture; impact evaluation; rice production; rice farmers; crop insurance; Western Visayas; agricultural insurance;
Download PDF Number of Downloads
Published in 2016 and available in the PIDS Library or can be downloaded as full text Downloaded 1,885 times since December 15, 2016