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Manila Bulletin devider Philippines devider National devider Marcos transfers PH Crop Insurance Corp to DA

Marcos transfers PH Crop Insurance Corp to DA

Published May 18, 2024 01:33 am

At A Glance

  • In his EO, Marcos said a strong organizational link between the PCIC and DA is necessary to enhance an agricultural insurance protection program highly responsive to the needs of small farmers, fisherfolk, and other agricultural stakeholders.

President Marcos has issued an executive order (EO) transferring the Philippine Crop Insurance Corp. (PCIC) from the Department of Finance (DOF) to the Department of Agriculture (DA) to make it more responsive to the needs of small farmers, fisherfolk, and other agricultural stakeholders.

EO60

The EO, released on Saturday, May 18, was signed by Executive Secretary Lucas Bersamin on May 13.

In his EO, Marcos said a strong organizational link between the PCIC and DA is necessary to enhance an agricultural insurance protection program highly responsive to the needs of small farmers, fisherfolk, and other agricultural stakeholders, with policies and programs aimed at ensuring food security and modernization of the agricultural sector.

The document furthered that streamlining and rationalizing the functional relationships of agencies with complementary mandates are essential to fostering organizational coherence, efficiency, and cooperation within the bureaucracy.

Under the reorganization, the PCIC Board shall now comprise the following:

  • Land Bank of the Philippines president
  • PCIC president
  • Agricultural Credit Policy Council executive director
  • A representative from the private insurance industry appointed by the President upon nomination by the Secretary of Finance.

 

Three representatives from the subsistence farmers’ sector, preferably representing agrarian reform beneficiaries, cooperatives, or associations from Luzon, Visayas, and Mindanao appointed by the President upon their nomination by different farmer organizations and/or cooperatives

The appointment or designation of the chairperson, vice-chairperson, and other officers of the board of directors shall be in accordance with the GOCC Governance Act of 2011.

Republic Act (RA) No. 8175, or the Revised Charter of the Philippine Crop Insurance Corporation (PCIC) Act of 1995, created the PCIC, a government-owned or -controlled corporation (GOCC) tasked to provide insurance protection to farmers against losses arising from natural disasters, plant diseases, and pest infestation.

The Administrative Code of 1987 mandates the DA to promote the country’s agricultural development by providing policy framework, public investments, and support services necessary for the advancement of the agricultural sector.

Related Tags

Bongbong Marcos Executive Order Philippine Crop Insurance Corp. President Marcos
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