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Review of Design and Implementation of the Agricultural Insurance Programs of the Philippine Crop Insurance Corporation

Author

Listed:
  • Mina, Christian D.
  • Reyes, Celia M.
  • Gloria, Reneli Ann B.
  • Mercado, Sarah Joy P.

Abstract

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.

Suggested Citation

  • Mina, Christian D. & Reyes, Celia M. & Gloria, Reneli Ann B. & Mercado, Sarah Joy P., 2015. "Review of Design and Implementation of the Agricultural Insurance Programs of the Philippine Crop Insurance Corporation," Discussion Papers DP 2015-07, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2015-07
    DOI: https://doi.org/10.62986/dp2015.07
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    References listed on IDEAS

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    1. Israel, Danilo C. & Briones, Roehlano M., 2012. "Impacts of Natural Disasters on Agriculture, Food Security, and Natural Resources and Environment in the Philippines," Discussion Papers DP 2012-36, Philippine Institute for Development Studies.
    2. Domingo, Sonny N. & Reyes, Celia M., 2009. "Crop Insurance: Security for Farmers and Agricultural Stakeholders in the Face of Seasonal Climate Variability," Discussion Papers DP 2009-12, Philippine Institute for Development Studies.
    3. Rana Hasan & Karl Robert L. Jandoc, 2008. "The quality of jobs in the Philippines : Comparing self-employment with wage employment," UP School of Economics Discussion Papers 200811, University of the Philippines School of Economics.
    4. Tabuga, Aubrey D. & Mina, Christian D. & Reyes, Celia M. & Asis, Ronina D., 2013. "Regional Integration, Inclusive Growth, and Poverty: Enhancing Employment Opportunities for the Poor," Discussion Papers DP 2013-10, Philippine Institute for Development Studies.
    5. repec:wbk:wbpubs:2432 is not listed on IDEAS
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    Citations

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    Cited by:

    1. He, Juan & Zheng, Xiaoyong, "undated". "Does Crop Insurance Really Reassure Farmers? A Puzzle and its Explanations Based on Field Data," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258398, Agricultural and Applied Economics Association.
    2. Juan He & Roderick Rejesus & Xiaoyong Zheng & Jose Yorobe, 2018. "Advantageous Selection in Crop Insurance: Theory and Evidence," Journal of Agricultural Economics, Wiley Blackwell, vol. 69(3), pages 646-668, September.
    3. Juan He & Xiaoyong Zheng & Roderick Rejesus & Jose Yorobe, 2020. "Input use under cost‐of‐production crop insurance: Theory and evidence," Agricultural Economics, International Association of Agricultural Economists, vol. 51(3), pages 343-357, May.
    4. He, Juan & Zheng, Xiaoyong & Rejesus, Roderick & Yorobe, Jose Jr, "undated". "Estimating the Effect of Crop Insurance on Input Use When Insured Farmers are Monitored," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235225, Agricultural and Applied Economics Association.
    5. Deluna, Roperto Jr. S. & Hinlo, Jennifer E. & Ayala, Michael L., 2016. "Impact Evaluation of Banana Insurance Program of the PCIC in the Davao Region," Discussion Papers DP 2016-42, Philippine Institute for Development Studies.
    6. He, Juan & Zheng, Xiaoyong & Rejesus, Roderick M. & Yorobe Jr., Jose M., . "Moral hazard and adverse selection effects of cost-of-production crop insurance: evidence from the Philippines," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(01).
    7. Dadang Jainal Mutaqin & 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, MDPI, vol. 7(2), pages 1-18, June.
    8. Conrado, Vilma & Tuscano, Jocelyn & Oñate, Beatriz & Torio, Erwin & Umengan, Jane & Paat, Nina Klare, 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.

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