Towards a More Inclusive Agricultural Insurance Program
Reyes, Celia M.; Tabuga, Aubrey D.; Borromeo, Nicoli Arthur B.; Arboneda, Arkin A.; Cabaero, Carlos C. | December 2019
Typhoons, pests and other natural calamities cause the country, particularly the agricultural sector, significant damages. For instance, Typhoons Yolanda (Haiyan) and Ompong (Mangkhut) have caused PHP 35 billion and PHP 27 billion worth of agricultural damages, respectively, based on estimates by the Department of Agriculture. Given that a third of the country’s workforce depend on the agriculture sector, it is crucial that efforts are undertaken towards mitigation of the effects of these shocks and risks. One of these efforts is agricultural insurance as provided for by the Philippine Crop Insurance Corporation (PCIC). Using information from the PCIC, key informant interviews and focus group discussions with agricultural producers, and findings from earlier studies on agricultural insurance, this study examines the constraints in, opportunities, and efforts for achieving impact and inclusion of agricultural insurance programs in the Philippines.
CitationReyes, Celia M.; Tabuga, Aubrey D.; Borromeo, Nicoli Arthur B.; Arboneda, Arkin A.; Cabaero, Carlos C.. 2019. Towards a More Inclusive Agricultural Insurance Program. © Philippine Institute for Development Studies. http://hdl.handle.net/11540/11545.
Agricultural And Rural Development
Commercial Finance Companies
Banking Finance And Investment
International Monetary Relations
International Financial Market
New agricultural enterprises
Rural land use
Insurance holding companies
International banks and banking
Agricultural information network
Agricultural landscape management
Agricultural insuranceShow allCollapse