Fabian’s House Committee seeks to strengthen crop insurance system PDF Print E-mail
Thursday, 02 June 2011 16:58

The House Committee on Government Enterprises and Privatization chaired by Zamboanga City District 2 Congressman Erbie A. Fabian has endorsed five proposed bills filed in the lower house seeking the strengthening of the Philippine Crop Insurance Corporation in providing security for farmers and fisher folk in the countryside.
The committee endorsed the bills to a technical working group for refinement and consolidation to be headed by Part List Buhay Rep. Agapito Guanlao.

Two of the prominent bills authored by Pangasinan 4th District Rep. Gina de Venecia and Agham Party list Rep. Angelo Palmones  called attention to the urgent need to create a stronger, comprehensive and progressive government crop insurance system citing the massive losses incurred by fishermen in the batangas and Pangasinan fish kill and the havoc wrought by the recent onslaught of typhoon Chedeng causing millions of pesos in loses .

Officials of the Philippine Crop Insurance Corporation headed by President Jovy Bernabe, Quedancor  headed by President and CEO Federico Espiritu and the PAGCOR representative Atty. Maria Gloria Rubio were all in solidarity expressing support for a stronger crop insurance system in the country.
Stakeholders Land Bank and Development Bank of the Philippines were also cited for their financial facilities made available to farmers and fishermen cooperatives nationwide.

Among the salient points of the bills filed were increase in insurance coverage, provision of more funds to provide more realistic insurance payments in times of crop loses and the inclusion of other non binding agricultural sectors such as poultry and hog raisers nationwide.

Pagcor was also requested to provide a bigger chunk of its revenues to fund the PCIC.
Other stakeholders were invited to the committee hearings of PCIC once the technical working group finishes the refinements to the bills referred to it for consolidation.
Rep. Fabian disclosed that the matter needs to be attended to immediately as the country enters the rainy and typhoon season this month.
Typhoons normally wreck havoc on agricultural production especially in areas often hit by the weather disturbances.
Pagasa estimates the country is annually hit by 15 to 20 typhoons causing millions of pesos in crop damage.