Gov’t eyes insurance subsidy for hog raisers

1 Mins read
MANY traders and vendors have decided to go on a “pork holiday,” closing their stalls in protest of the price caps. — PHILIPPINE STAR/MICHAEL VARCAS

THE GOVERNMENT is considering giving an insurance subsidy for commercial hog raisers, who have been affected by the prolonged outbreak of African Swine Fever (ASF) in the country.

In a briefing on Tuesday, Cabinet Secretary Karlo Alexei B. Nograles said they are studying giving a 50% insurance subsidy to hog raisers in an effort to boost production and increase supply.

He said the proposed subsidy will be sourced from the Quick Response Fund (QRF) of the Department of Agriculture (DA).

“This is just one initiative being considered to help our hog farmers increase supplies,” Mr. Nograles said.

Commercial hog raisers have been struggling as the ASF outbreak reduced the supply of hogs, which in turn pushed pork prices higher.


President Rodrigo R. Duterte early this month signed an executive order imposing price caps on selected pork and poultry products in Metro Manila for 60 days, on the DA’s recommendation.

However, many traders and vendors have decided to go on a “pork holiday,” closing their stalls in protest of the price caps.

Ikatlong linggo pa lang ng implementation ng price cap, marami na ang nagsasarang tindahan at ang kababayan natin na nawawalan ng kita (This is the third week of the implementation of the price cap, and many stalls have closed and many have lost their income). Clearly, imposing these price ceilings has only worsened our food crisis,” Senator Risa N. Hontiveros-Baraquel said in a statement.

She said the DA should consider more feasible approaches to lower food prices, such as expanding the number of hog raisers and suppliers covered by the insurance program of the Philippine Crop Insurance Corporation (PCIC).

Senator Francis N. Pangilinan last week called for adequate government support after the DA reported that backyard and farm hog raisers lost P56 billion due to the ASF.

Hog raisers from the southern Philippine island of Mindanao have been shipping live hogs and frozen meat to the capital to tame soaring meat prices. — K.A.T. Atienza


Related posts

PSEi seen to correct after underperforming in Feb.

2 Mins read
LOCAL SHARES are expected to correct today as February ends, with the month seeing the market underperforming amid local and global developments….

Peso may weaken on vaccine issues, positive US data

1 Mins read
THE PESO may depreciate versus the dollar on Friday on increased preference for the greenback as the market expects better US economic…

Permit process for fiber optics projects next up for streamlining

1 Mins read
THE Anti-Red Tape Authority (ARTA) said it will include fiber optics and broadcast tower projects to its list of telecommunications works where…
Power your team with InHype
[mc4wp_form id="17"]

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!