Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

Farm damage due to typhoon Nando initially estimated at P1.38 billion

PAGASA.DOST.GOV.PH

AGRICULTURE Secretary Francisco Tiu Laurel, Jr. said the initial estimate of damage to agriculture caused by Super Typhoon Nando (international name: Ragasa) and the southwest monsoon (habagat) is P1.38 billion.

The Department of Agriculture (DA) is releasing rice stocks and other aid to over 55,000 farmers and fisherfolk in regions affected by the storms.

The damage estimate was compiled from nine regions, with 47,723 hectares of cropland, the DA said.

Cagayan province suffered the most farm damage at P700 million, the DA said, citing its own Disaster Risk Reduction and Management (DRRM) Center.

The center estimated that 109,997 metric tons of rice, corn, high-value crops, and livestock have been written off.

Aid for distribution includes 2.4 million sacks of rice, 142,219 bags of rice seed, 90,320 bags of corn seed, 40,518 kilograms of vegetable seed, 1.65 million tilapia, bangus (milkfish), and carp fingerlings, and livestock and poultry drugs and biologics.

Loans from the Survival and Recovery program will amount to as much as P25,000 per beneficiary, payable over three years at zero interest.

Some P236 million has also been allocated to compensate 25,800 farmers, of which P206 million will cover rice-related losses.

President Ferdinand R. Marcos, Jr. and Mr. Laurel were in Cagayan to distribute aid to around 12,740 farmers on Sept. 27.

The DA will release its initial impact assessment for typhoon Opong (international name: Bulaoi) on Sept. 29. — Andre Christopher H. Alampay

    You May Also Like

    Stock Markets

    Pedestrians along the Estrella-Pantaleon Bridge are dwarfed by the towering buildings in Makati City, Dec. 5, 2022. — PHILIPPINE STAR/MIGUEL DE GUZMAN THE Department...

    Finance

    Prime Minister Keir Starmer is tightening control over the government’s economic strategy by strengthening a cross-government Budget Board that will shape the Autumn Statement...

    Finance

    Formula 1 drivers Isack Hadjar and Liam Lawson of the Visa Cash App Racing Bulls (VCARB) team have taken an unusual step to thank...

    Finance

    A new player in football talent management has entered the game. M+C Saatchi Football, co-founded by former England and Liverpool midfielder Jamie Redknapp, officially...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.