LATEST PUBLICATIONS
PN 2019-14
Issues and concerns in the implementation of PBB at DepEd
DP 2019-38
Towards a More Inclusive Agricultural Insurance Program
DP 2019-37
Expanding Health Insurance for the Elderly of the Philippines
PN 2019-13
Challenges in the implementation of the PBB scheme in NGAs
Publication Detail
DP 2017-01: Opportunities for Strengthening Agriculture Insurance Programs: Philippine Crop Insurance Corporation and LGU Partnerships

Providing agricultural insurance to farmers and fisherfolk in the Philippines has been implemented for nearly three decades. While it is agreed that agricultural insurance is crucial in assisting farmers, fisherfolk, and governments in lessening the negative financial impact of natural events, issues of providing premium subsidies and being tied to credit in the Philippines remain to be important policy issues. This paper reviews available information about partnerships between local government units (LGUs) and the Philippine Crop Insurance Corporation. The aim is to look at these innovations that may promote and enhance agricultural insurance in the Philippines. Providing for full premium subsidies and as a form of loan to the farmers was implemented by the LGUs reviewed in this paper. Further study is needed to determine which scheme works best in terms of increasing coverage over the long term and ensuring financial viability.

Philippine Institute for Development Studies
Authors Keywords
Reyes, Celia M.; Agbon, Adrian D.; Mina, Christian D.; Gloria, Reneli Ann B.; Philippines; farmers; subsidy; Philippine Crop Insurance Corporation; agricultural insurance; local government units (LGUs); fisherfolk; local government units; financial impact;
Download PDF Number of Downloads
Published in 2017 and available in the PIDS Library or can be downloaded as full text Downloaded 1,971 times since January 17, 2017