More than 200,000 farmers under the agrarian reform program will stand to benefit from some P17 billion worth of insurance protection for their crops in the next two planting seasons, officials said on Tuesday.
The Department of Agrarian Reform announced that the government had allocated some P1 billion to subsidize the premiums for the agricultural insurance coverage of at least 224,036 agrarian-reform beneficiaries nationwide.
On the other hand, the Department of Agriculture (DA), through the Philippine Crop Insurance Corp., will put up the insurance cover worth some P17.07 billion, the officials said.
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