Philippine Crop Insurance Corporation

Republic of the Philippines 

Department of Agriculture

Philippine Crop Insurance Corporation

About

The Philippine Crop Insurance Corporation (PCIC)is a legislature claimed and controlled partnership (GOCC) made by prudence of PD 1467 (June 11, 1978), later on revised by PD 1733 (October 21, 1980) and further corrected by RA 8175 (December 29, 1995), as the actualizing organization of the administration's agrarian protection program. PCIC is a joined office of the Department of Agriculture.The PCIC's key order is to give protection insurance to agriculturists against misfortunes emerging from characteristic disasters, plant illnesses and irritation infestations of their palay and corn trims and different products. The PCIC additionally gives security against harm to/loss of non-product rural resources including yet not constrained to apparatuses, gear, transport offices and other related foundations because of risk/s protected against. Philippines is powerless against common calamities which cause decimation on yields and tragedies to agrarian makers and loan specialists of rural credit. Due to the insignificance of most landholdings, the aftereffect of these misfortunes is wrecking to the funds of the farmers.In 1976, an Inter agency Committee for the Development of Crop Insurance attempted a nine-month all out plausibility consider on the production of a product protection program in the Philippines. It was inferred that the horticultural protection framework will address not just the welfare part of the after-misfortune occasion additionally help in attaining to the target of balancing out ranch earnings and converse the "danger disinclined" nature of agriculturists and push them to put all the more in new innovations that would help build national profit. Aside from shielding ranchers from budgetary misfortunes, crop protection was likewise considered as an instrument that can be offered as "surrogate" insurance to banks and other monetary organizations to impact and urge them to keep taking an interest and supporting government credit programs.It introduced the making of the Philippine Crop Insurance Corporation and the ope rationalization of the protection program through the issuance of a presidential declaration (PD No. 1467 declared on 11 June 1978) which had then the power of law.

Our Corporate Mandate

As the actualizing org of the rural protection project of the legislature under P.D. # 1467, as revised by R.A. 8175, PCIC is commanded to give protection assurance to the nation's farming makers especially the subsistence agriculturists, against:Loss of their yields and/or non-trim rural resources because of characteristic disasters, for example, tropical storms, surges, dry spells, quakes and volcanic ejections, plant irritations and maladies, and/or other perils.PCIC can likewise give surety spread to creation advances reached out by giving establishments to horticultural makers for harvests not yet secured by protection. 

Mission

PCIC is resolved to help settle the pay of farming makers and advance the stream of credit in the wide open by: 

Giving protection security  to qualified agriculturists and other horticultural partners against misfortunes of their harvests, ranch hardware and gear, transport offices and other related frameworks emerging from regular catastrophes, irritation and sicknesses, and different hazards past their powerful control; 

                           furthermore, 

Broadening inventive and customer responsive protection bundles, and different administrations thru POs  including ranchers coops., horticultural moneylenders  and administration suppliers. 

Vision

A suitable administration situated government establishment going to each protection need of subsistence agriculturists and other farming partners with most extreme polished skill, honesty and effectiveness; 

A corporate body working with solid system of protection and agrarian go-betweens in the soul of organization and unity of reason; 

what's more, 

A key calculate the acknowledgment of a lively and dynamic provincial economy where Filipino agriculturists work with significant serenity under the defensive mantle of yield protection.