P12.01-M indemnities paid to 2,269 farmers in 2010INDEMNITIES paid to farmers through the Philippine Crop Insurance Corp. (PCIC) has reached P12.01 million in 2010, an official of the government’s implementing agency on agricultural insurance program said. Nilo Pesquera, PCIC sales and marketing chief, said the P12.01 million paid to 2,269 farmers last year was the biggest so far in five years since 2006. Have something to report? Tell us in text, photos or videos. Pesquera said PCIC paid around P9-million compensation to farmers in 2009. “In 2010, the bulk of what was paid was to cover losses to pests, which happened after the dry spell during the first quarter of the year,” Pesquera said during Harampang ha PIA, a media forum.

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