Homework Help is Here – Start Your Trial Now!
Math
Statistics
Please explain what’s in the photo attached.

Please explain what’s in the photo attached.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question
NOTE: Please explain what’s in the photo attached.
Program Services The Philippine Crop Insurance Corporation is a govern- ment corporation created on June 11, 1978 by Presidential Decree 1467 as the implementing agency of the crop insurance program. PCIC offers various program services intended to benefit small farmers by: 1) Protecting their production investments against losses due to agricultural risks and 2) facilitating credit availments for agricultural production. A. Crop Insurance Program Crop insurance is a form of protection for farmers against losses due to natural disasters such as typhoon, floods, and earthquakes, as well as plant diseases and pest infestations.
Transcribed Image Text:Program Services The Philippine Crop Insurance Corporation is a govern- ment corporation created on June 11, 1978 by Presidential Decree 1467 as the implementing agency of the crop insurance program. PCIC offers various program services intended to benefit small farmers by: 1) Protecting their production investments against losses due to agricultural risks and 2) facilitating credit availments for agricultural production. A. Crop Insurance Program Crop insurance is a form of protection for farmers against losses due to natural disasters such as typhoon, floods, and earthquakes, as well as plant diseases and pest infestations.
AGRICULTURAL INSURANCE 99 Through nominal premium payments, farmers are assured that despite crop losses due to such calamities, they will have money for subsequent production expenses or repayment of their production loans. At present, four crops are covered: 1. Rice 3. Tobacco 2. Corn 4. Banana Eligible to avail of the rice and corn insurance are borrowing farmers and self-financed farmers whose production activities are supervised by duly authorized production technicians. B. Livestock Insurance Program This program took effect March 1, 1988 and covers losses due to diseases and accidents. As member of the Pool of Livestock Insurers, PCIC offers three types of Hvestock insurance: Livestock Mortality Insurance Policy (Backyard Insurance Cover for Cattle, Carabao, Goat, and Swine) 1. Cattle and Swine Mortality insurance Policy (Com- mercial Insurance Cover for Cattle, Carabao, and Swine) 2. 3. Poultry Catastrophe Insurance Policy (Commercial Insurance Cover for Poultry) C. Fisheries Sector Program Guarantee Scheme This is another risk-reducing mechanism in rural finance. PCIC implements this program in coordination with the Department of Agriculture through the Agricultural Credit Policy Council. Such guarantee scheme covera produc- tion and production-related loans of coastal beneficiaries involved in land-based business. Under this program, PCIC indemnifies up to the extent of the guarantee cover the lender of funds for defaults of borrowers due to any and al! causes.
Transcribed Image Text:AGRICULTURAL INSURANCE 99 Through nominal premium payments, farmers are assured that despite crop losses due to such calamities, they will have money for subsequent production expenses or repayment of their production loans. At present, four crops are covered: 1. Rice 3. Tobacco 2. Corn 4. Banana Eligible to avail of the rice and corn insurance are borrowing farmers and self-financed farmers whose production activities are supervised by duly authorized production technicians. B. Livestock Insurance Program This program took effect March 1, 1988 and covers losses due to diseases and accidents. As member of the Pool of Livestock Insurers, PCIC offers three types of Hvestock insurance: Livestock Mortality Insurance Policy (Backyard Insurance Cover for Cattle, Carabao, Goat, and Swine) 1. Cattle and Swine Mortality insurance Policy (Com- mercial Insurance Cover for Cattle, Carabao, and Swine) 2. 3. Poultry Catastrophe Insurance Policy (Commercial Insurance Cover for Poultry) C. Fisheries Sector Program Guarantee Scheme This is another risk-reducing mechanism in rural finance. PCIC implements this program in coordination with the Department of Agriculture through the Agricultural Credit Policy Council. Such guarantee scheme covera produc- tion and production-related loans of coastal beneficiaries involved in land-based business. Under this program, PCIC indemnifies up to the extent of the guarantee cover the lender of funds for defaults of borrowers due to any and al! causes.
Expert Solution
steps

Step by step

Solved in 4 steps with 4 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS