NINETEENTH CONGRESS OF THE 
REPUBLIC OF THE PHILIPPINES 
First Regular Session
S>maic
of ilje .€^-crrft.-u7
•22 AU6-1 PI‘25
SEN
S. No.
RECEIVED
Introduced by Senator Grace Poe
AN ACT
INSTITUTIONALIZING THE PROVISION OF CROP INSURANCE FOR THE 
FISHERIES LIVESTOCK AND POULTRY SECTORS, AMENDING FOR THE 
PURPOSE SECTION 1 OF PRESIDENTIAL DECREE NO. 1467, AS AMENDED, 
OTHERWISE KNOWN AS THE "REVISED CHARTER OF THE PHILIPPINE 
CROP INSURANCE CORPORATION ACT OF 1995”
EXPLANATORY NOTE
Four sub-sectors make up the entire agricultural sector - crops, livestock, 
poultry, and fisheries. In the Philippines, agriculture makes up 25% to 30% of the 
labor force and contributes to about 10% to the gross national product. The 
fisheries sector alone produced 4.415 million metric tons of fish in 2019, valued at 
around P281,652 billion, but decreased by -0.3%, according to preliminary statistics 
released by the Philippine Statistics Authority1. On the other hand, projected poultry 
production for 2022 is from 25,000 MT to 1.025 million MT, after rebuilding efforts 
due to the African Swine Fever outbreak in the country2. But as early as the second 
quarter of 2021, the sector already recorded a 2.5% growth rate3.
All of the sectors identified above are vulnerable to climate change and 
severe weather-based calamities. In 2002, Typhoon Gloria wreaked havoc upon fish 
ponds in four provinces, costing around $4.4 million. The province of Pampanga was 
affected the worst, with almost 2,500 hectares of ponds damaged. An estimated
1 Tantuco, V. (22 September 2021). IN NUMBERS: The Philippines'fisheries sector. Retrieved from 
https://www.rappler.com/environment/philippines-fisheries-sector-statistics/
2 USDA (15 December 2021). Philippines: Livestock and Poultry Update. Retrieved from 
https://www.fas.usda.gov/data/philippines-livestock-and-poultry-update-2
3 Department of Agriculture. (27 August 2021). Philippine Poultry and Livestock Virtual Summit Retrieved from 
https://www.da.gov.ph/gallery/philippine-poultry-and-livestock-virtual-summit-aug-27-
2021/#:~:text=Poultry%20production%20accounts%20for%2013,iogged%20a°/o202.5%25%20growth%20rate.


7,000 fisherfoik were affected, and around 2,000 to 3,000 tons of fish were lost. In 
2013, Typhoon Haiyan caused Php 1.82 billion of damage to the fisheries sector in 
Region 8 alone. In 2018, Typhoon Ompong caused Php 5.5 million of damage to 
the livestock and poultry sectors. In 2021, Typhoon Odette wiped out 13.3 billion 
worth of agricultural goods or a total of 273,062 metric tons covering 462,766 
hectares of agricultural land, according to the Department of Agriculture. The 
fisheries sector sustained damage of P3.97 billion; rice P2.1 billion; high-value crops 
P2 billion; coconut PI.6 billion; and sugarcane PI.15 billion.
This measure seeks to protect the fisheries, livestock, and poultry sector from 
the immediate impact of natural disasters by amending the coverage of the 
Philippine Crop Insurance Corporation, to include as part of the corporate insurance 
coverage livestock, poultry and related equipment, as well unharvested fisheries 
stock, and inland fishponds, fish cages, fish pens, and fishing boats. This proposal 
harmonizes the issuances of the PCIC, as well as those covered under R.A. No. 
8550, otherwise known as "The Philippine Fisheries Code of 1998".
In light of the foregoing, immediate approval of this measure is eagerly
sought.
GRACE POE


NINETEENTH CONGRESS OF THE 
)
REPUBLIC OF THE PHILIPPINES 
)
First Regular Session 
)
mmit
72 AUG -1 PI 75
SEN
Introduced by Senator Grace Poe
AN ACT
INSTITUTIONALIZING THE PROVISION OF CROP INSURANCE FOR THE 
FISHERIES LIVESTOCK AND POULTRY SECTORS, AMENDING FOR THE 
PURPOSE SECTION 1 OF PRESIDENTIAL DECREE NO. 1467, AS AMENDED, 
OTHERWISE KNOWN AS THE "REVISED CHARTER OF THE PHILIPPINE 
CROP INSURANCE CORPORATION ACT OF 1995"
Be it enacted by the Senate and the House of Representatives of the Philippines in 
Congress assembled:
1 
Section 1. Section 1 of Presidential Decree No. 1467, as amended, is hereby
2 
further amended to read as follows:
3 
"SECTION 1. Creation of the Philippine Crop Insurance Corporation. - There is
4 
hereby created a body corporate to be known as the Philippine Crop Insurance
5 
Corporation (PCIC and herein called the Corporation) which shall be attached to the
6 
Department of Agriculture for budgetary purposes. The Corporation shall Insure
7 
qualified farmers AND FISHERFOLK against losses arising from natural calamities,
8 
plant diseases, and pest Infestations. [Initially] [t]The Corporation shall provide
9 
insurance coverage for paiay [crops] and [later on to] other crops, LIVESTOCK
10 
AND POULTRY, AND UNHARVESTED FISHERIES STOCK, without prejudice to
11 
the inclusion of other non-crop agricultural assets, such as but not limited to
12 
machineries, equipment, transport facilities, LIVESTOCK AND POULTRY PENS
13 
AND CAGES, INLAND FISHPONDS, FISH CAGES, FISHPENS, FISHING
14 
BOATS, and other related infrastructures, as the Board of Directors of the
15 
Corporation may determine. Such crop insurance shall cover, in every case, the cost
16 
of production inputs, the value of the farmer's AND/OR FISHERFOLK'S own labor
17 
and those of the members of his household, including the value of the labor of hired
18 
workers, and a portion of the expected as the Board of Directors, in its discretion,
1


1 
decide to insure. Such insurance protection, however, shall exclude losses arising
2 
from avoidable risks emanating from or due to the negligence, malfeasance or fraud
3 
committed by the insured or any member of his immediate farm household or
4 
employee or the failure of the insured to follow proven farm practices.
5 
Sec, 2. Appropriations. - Such funds as may be necessary to implement the
6 
provisions of this Act shall be included in the annual appropriations of the PCIC
7 
under the Budgetary Support to Government Corporations.
8 
Sec. 3. Implementing Rules and Regulations. - The PCIC shall issue the
9 
implementing rules and regulations necessary for the effective implementation of
10 
this Act within sixty (60) days of its effectivity.
11 
Sec. 4. Separability Clause. - If any provision of this Act is declared invalid or
12 
unconstitutional, the other provisions not affected thereby shall remain in full force
13 
and effect.
14 
Sec. 5. Repealing Clause. - All laws, presidential decrees, executive orders,
15 
presidential proclamations, rules and regulations or parts thereof contrary to or
16 
inconsistent with this Act are hereby repealed or modified accordingly.
17 
Sec. 6. Effectivity. - This Act shall take effect fifteen (15) days following its
18 
publication or In the Official Gazette or in any newspaper of general circulation.
Approved,