Pampanga State Agricultural University

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Economic impact of crop insurance on corn production in Magalang, Pampanga [manuscript] / Rey Ann Sadsad Lumanlan.

By: Contributor(s): Material type: TextTextPublication details: Magalang, Pampanga : Pampanga State Agricultural University, July 2022.Description: ix, 31 leaves ; 28 cm. + 1 computer disc (4 3/4 in.)
Contents:
The study was conducted to analyze the impact of crop insurance on corn production in Magalang, Pampanga and to identify farm practices and the amount to cover the crop insurance per farmer. The researcher used Slovin's formula sampling technique to identify the desired number of samples. A total of 42 farmer-respondents were identified as insured. T-test was used to analyze pre-insured and post-insured data, while cost and return analysis was used to determine the difference in terms of net profit per hectare of insured farmers. The results show that insurance can be a great help to all farmers especially during natural calamities and unidentified phenomena. Majority of the respondents were male and belonged to age groups 41 to 50 and most of them are high school graduates with a household size of 4 to 6 family members, are full time farmers, can earn Php 39,999 and a mean family of 6. Majority of the farmers who were insured can get a lot of benefits compared to those farmers who are not insured. Cost and return analysis show that farmers who were insured can make a lot of profit. This is due to crop insurance. On the other hand, when the farmers experience natural calamities, they can claim an insurance fee based on the level of calamity and destroyed crops. The average cost of damage shows the farmers had higher cost of damage before with a corresponding amount of Php 11,880, but when the farmers got insured, the total cost of damage has become less than Php 6,178. The insurance can also help the farmers if they have less harvest as they will receive a higher insurance. The problems encountered by the respondents are typhoons, pests and diseases. As for the recommendations to the program, the respondents suggest the improvement of corn production, giving of more financial support for corn production, giving of tools and supplies, and giving of free seeds and fertilizer.
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Item type Current library Collection Call number Status Barcode
Theses PSAU OLM Dissertation, Theses BS AgEcon UT L95 2022 (Browse shelf(Opens below)) Not for loan UT12545

The study was conducted to analyze the impact of crop insurance on corn production in Magalang, Pampanga and to identify farm practices and the amount to cover the crop insurance per farmer. The researcher used Slovin's formula sampling technique to identify the desired number of samples. A total of 42 farmer-respondents were identified as insured. T-test was used to analyze pre-insured and post-insured data, while cost and return analysis was used to determine the difference in terms of net profit per hectare of insured farmers. The results show that insurance can be a great help to all farmers especially during natural calamities and unidentified phenomena. Majority of the respondents were male and belonged to age groups 41 to 50 and most of them are high school graduates with a household size of 4 to 6 family members, are full time farmers, can earn Php 39,999 and a mean family of 6. Majority of the farmers who were insured can get a lot of benefits compared to those farmers who are not insured. Cost and return analysis show that farmers who were insured can make a lot of profit. This is due to crop insurance. On the other hand, when the farmers experience natural calamities, they can claim an insurance fee based on the level of calamity and destroyed crops. The average cost of damage shows the farmers had higher cost of damage before with a corresponding amount of Php 11,880, but when the farmers got insured, the total cost of damage has become less than Php 6,178. The insurance can also help the farmers if they have less harvest as they will receive a higher insurance. The problems encountered by the respondents are typhoons, pests and diseases. As for the recommendations to the program, the respondents suggest the improvement of corn production, giving of more financial support for corn production, giving of tools and supplies, and giving of free seeds and fertilizer.

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