Farmers still struggle to afford agri insurance

Abstract

The Philippines is one of the most disaster-prone countries in the world. On the average, disasters are affecting roughly 12.1 million Filipinos annually, according to the National Disaster Risk Reduction and Management Council. The adoption of social protection measures, such as insurance and cash transfers, will not only minimize the impacts of these events but also make Filipinos more resilient to risks, in general. In this issue of the Development Research News (DRN), the Philippine Institute for Development Studies (PIDS) revisits some of the country’s current and past social protection programs and identifies key strategies to improve their implementation.