Farm insurance payouts hit P19B in four years – Marcos

Over the past four years, the Philippines has paid out a whopping P19 billion in agricultural insurance claims, highlighting the growing need for expanded protection for farmers and fisherfolk. President Ferdinand Marcos Jr. mentioned this during his fifth State of the Nation Address, citing specific threats like avian flu and African swine fever. This substantial payout underscores the importance of such insurance in mitigating financial losses from unexpected events, emphasizing the government's commitment to supporting the agricultural sector amidst ongoing challenges.