State insurer Philippine Crop Insurance Corporation (PCIC)  received a commendation for turning in a 100%  fund disbursement rate in 2023 among agencies implementing the  Coconut Farmers and Industry Development Program (CFIDP).   

This singular feat was acknowledged by the CFIDP Program Management that issued  a Certificate of Commendation to the Corporation on October 2, 2023 during the CFIDP Assessment and Planning Workshop held in Davao City.

“We thank the Philippine Coconut Authority for this recognition,” Ms. Cleofas Ventic, PCIC Planning Officer V, said. “It is a testament to the efforts of PCIC employees to reach out and assist coconut farmers so they would have free insurance and their livelihood is protected  under the CFIDP.”

Ms. Ventic along with Mr. Lito Casas, an Insurance Specialist, received the certificate of commendation.

The CFIDP involves the provision of  a package of interventions government is providing the coconut industry, which includes crop insurance.

During the workshop, partner agencies under the CFIDP presented their respective accomplishments for the year (as of August 2023) and plans for the remaining months of 2023.   

The PCIC implements the Coconut Tree Mortality Insurance under the CFIDP.  Under the insurance program, eligible farmers registered in the National Coconut Farmers Registry System (NCFRS) are given free insurance covering up to one hectare of coconut area per farmer.

CFIDP implementation is led by the PCA, and has the following partner institutions: PCIC, Land Bank of the Philippines, Development Bank of the Philippines, Department of Trade and Industry, Department of Public Works and Highways, Philippine Health Insurance Corporation, Commission on Higher Education, Technical Education and Skills Development Authority, Cooperative Development Authority, Department of Science and Technology – Philippine Council for Agriculture, Aquatic and Natural Resources Research and Development, High Value Crops Development Program under the Department of Agriculture, DA – Bureau of Animal Industry, DA – Agricultural Training Institute, DA – National Dairy Authority, and the DA – Philippine Center for Postharvest Development and Mechanization.