Marcos orders transfer of PCIC under DA control

President Ferdinand R. Marcos Jr. has transferred the Philippine Crop Insurance Corp. to the Department of Agriculture .

“A strong organizational link between the PCIC and DA is necessary to enhance agricultural insurance protection program highly responsive to the needs of small farmers and fisherfolk and other agricultural stakeholders, with policies and programs aimed at ensuring food security and modernization of the agricultural sector,” he said in the executive order.

EO 60 reorganizes the PCIC Board to include the respective presidents of the Land Bank of the Philippines and PCIC; the executive director of the Agricultural Credit Policy Council; and a representative of the private insurance industry appointed by the President upon nomination by the Secretary of Finance.

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