Under the Aquino administration, premium subsidies on agricultural insurance have significantly increased, mostly due to the special programs being implemented by the Philippine Crop Insurance Corporation (PCIC). This paper attempts to describe the various fully subsidized agricultural insurance programs of the PCIC, the rationale of each, the beneficiary selection procedures that they undertake, and highlight the implementation issues and concerns that might have policy and welfare implications crucial to their success. The paper finds that the lack of predictability or continuity in implementing these programs, coupled with difficulties in interagency coordination, has posed operational challenges in implementing these. There is also a need for an overarching policy to guide the administration of government subsidies in agricultural insurance, as well as guidelines on prioritization of beneficiaries, to help PCIC offer continued services to the identified beneficiaries and determine who to prioritize.
This publication has been cited 3 times
- He, Juan. 2018. Advantageous selection in crop insurance: Theory and evidence. Journal of Agricultural Economics, 69, no. 3, 646-668 . Wiley Blackwell.
- 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.
- He, Juan, Xiaoyong Zheng, Roderick Rejesus, and Jose Yorobe Jr. 2016. Estimating the effect of crop insurance on input use when insured farmers are monitored. 2016 Annual Meeting, Boston, Massachusetts 235225, Agricultural and Applied Economics Association. .