Date Published:
Mar 30, 2015
Category:
Discussion Papers
Focus Area(s):
Code:
DP 2015-07

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 7 times

In other Publications
  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. Discussion Papers DP 2017-12. Philippine Institute for Development Studies.
  2. Deluna, Roperto Jr. S., Jennifer E. Hinlo, Michael L. Ayala. 2016. Impact evaluation of banana insurance program of the PCIC in the Davao region. Discussion Papers DP 2016-42. Philippine Institute for Development Studies.
  3. He, Juan. 2018. Advantageous selection in crop insurance: Theory and evidence. Journal of Agricultural Economics, 69, no. 3, 646-668 . Wiley Blackwell.
  4. He, Juan and Xiaoyong Zheng. 2017. Does crop insurance really reassure farmers? A puzzle and its explanations based on field data. 2017 Annual Meeting, Chicago, Illinois 258398, Agricultural and Applied Economics Association.
  5. He, Juan, Xiaoyong Zheng, Roderick Rejesus, and Jose Yorobe. 2020. Input use under cost‐of‐production crop insurance: Theory and evidence. Agricultural Economics, 51, no. 3, 343-357 . International Association of Agricultural Economists.
  6. He, Juan, Xiaoyong Zheng, Roderick Rejesus, and Jose Yorobe. 2019. Input use under cost-of-production crop insurance: Theory and evidence. 2019 Annual Meeting, Atlanta, Georgia 291278, Agricultural and Applied Economics Association.
  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. Risks, 7, no. 2, 1-18. MDPI.


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