THE Department of Agrarian Reform (DAR) and the Philippine Crop Insurance Corp. (PCIC) have allocated a P1-billion fund as an insurance premium for agrarian reform beneficiaries across the country.
The Agrarian Reform Beneficiaries-Agricultural Insurance Program (ARB-AIP) was made possible through the issuance of joint DAR-PCIC Memorandum Circular 4, series of 2021, which aims to lessen the impact and transfer the risks brought about by agricultural losses due to pests, disease infestations, and weather shocks due to climate change and other natural calamities.
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