Hog raiser groups raised doubts that the government will be able to realize its plan to give commercial hog raisers a 50-percent insurance subsidy, noting the slow pace of claiming indemnity fees.
Edwin Chen, president of the Pork Producers Federation of the Philippines, likened the claims process of the Philippine Crop Insurance Corp. (PCIC) to “a camel going through the eye of the needle,” which is why most hog farmers do not even bother taking out insurance.
Based on data from PCIC, only about 300,000 livestock raisers were covered by the insurer last year, with most of its indemnity checks going to rice farmers.
The program to extend an insurance subsidy to hog raisers was a…
Keep on reading: Hog raisers cool to DA insurance program