Typhoon-Hit Farmers Receive PHP571-M Insurance Payout for Recovery
Manila: The Philippine Crop Insurance Corporation (PCIC) has allocated an initial insurance payout of PHP571.3 million to hasten the recovery of farmers impacted by Super Typhoon Uwan and Typhoon Tino. The Department of Agriculture (DA) announced that the payout aims to support 65,176 insured farmers across 14 regions who suffered losses in rice, corn, and other high-value crops. According to Philippines News Agency, a report from PCIC head Jovy Bernabe to Secretary Francisco Tiu Laurel Jr. revealed that as of November 11, the affected farmers experienced losses amounting to PHP147.3 million for rice, PHP55.6 million for corn, and PHP224.3 million