Literacy on Crop Insurance of the Farmers in Licab, Nueva Ecija, Philippines

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.