MANILA, Nov. 18 -- The Philippine Crop Insurance Corporation (PCIC) has allocated an initial insurance payout of PHP571.3 million to help hasten the recovery of farmers affected by Super Typhoon Uwan and Typhoon Tino.

In a news release Tuesday, the Department of Agriculture (DA) said a report of PCIC head Jovy Bernabe to Secretary Francisco Tiu Laurel Jr. showed that as of Nov. 11, a total of 65,176 insured farmers across 14 regions in the country were affected by the two typhoons, with rice, corn, and other high-value crops recording the most losses.

"Initial assessments indicate losses of around PHP147.3 million for rice, PHP55.6 million for corn and PHP224.3 million for high-value crops," the DA said.

The report also showed that Reg...