Abstract
Farming is a game of chance, and because we do not know what will happen tomorrow, we never knew when the calamities will occur. On the brighter side, the Philippine government has its agency that will protect and will ease the problem of many farmers by getting crop insurance, this is the Philippine Crop Insurance Corporation. This study focused primarily on the literacy on crop insurance of the farmers in Licab, Nueva Ecija. The descriptive method of research was used which involved description, interview, recording, analysis, and interpretation of condition that presently exist in one hundred (100) respondents from different barangay of Licab, Nueva Ecija who answered the interview and questionnaires given by the researcher. After all the pertinent data was collected, the researcher discovered and conclude that only 43% of the respondents have an idea about crop insurance and some of this figure were policyholders. One of the reasons why they do not get the service of PCIC is because, although they want to have it, they do not have enough budget for it and they need more information for them to be literate about this type of insurance. The researcher recommends having seminars for information dissemination to boost the literacy of the farmers in the area and to increase the policyholders of Philippine Crop Insurance Corporation.
Highlights
Agriculture is very much vulnerable to the unpredictability of nature
Know that the government under the Department of Agriculture has a program about crop insurance, on the other hand, why many of them were not interested in the said program? Farmers always plan and give the right ways on how to take care of their crops to get a better harvest at the end of the season
The study will be dealing with the present status of the literacy of the respondents concerning investing in crop insurance in Licab, Nueva Ecija
Summary
With agricultural production representing the major livelihood of many resources constrained Filipino farmers, the impact of natural disasters and agricultural risks cannot be taken lightly. Crop insurance is purchased by agricultural producers, including farmers, ranchers, and others to protect against either the loss of their crops due to fortuitus events or natural disasters, or the loss of revenue due to declines in the prices of agricultural commodities. Know that the government under the Department of Agriculture has a program about crop insurance, on the other hand, why many of them were not interested in the said program? That is why crop insurance is very important nowadays
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