Connect with us

Hi, what are you looking for?

Economy

Crop damage from typhoon Bising initially estimated at P46 million

AGRICULTURAL damage caused by the onslaught of typhoon Bising is initially estimated at P45.93 million, the Department of Agriculture (DA) reported. In a bulletin on Tuesday afternoon, the department said 3,009 metric tons (MT) worth of production was lost with 765 farmers affected in the Bicol and Eastern Visayas Regions. “Affected commodities include rice, corn, assorted vegetables and fruits, and livestock. These values are still subject to validation,” the DA said. Corn recorded the biggest loss at 2,548 MT worth P35.08 million across 971 hectares of farmland. Damaged rice reached 461 MT equivalent to P8.37 million, while high value crops were worth P2.46 million and livestock at P15,300. On the other hand, 59,543 MT of rice worth P1.08 billion were harvested following early warnings. For corn, 1,411 MT valued at P18.20 million were also saved. The DA said assistance available to affected farmers include 18,478 bags of rice seeds, 12,530 bags of corn seeds, and assorted vegetable seeds; drugs and biologics for livestock; farmer indemnification; and loans from the Agricultural Credit Policy Council. Typhoon Bising, (international name: Surigae), entered the Philippine area Friday and has been traversing along the eastern Visayas and Luzon parts of the country. As of 5 p.m. Tuesday, weather bureau PAGASA said Bising was maintaining its strength with maximum sustained winds of 175 kilometers per hour (km/h) near the center and gustiness of up to 215 km/h. It was located 475 kms east of Baler, Aurora and moving slowly in a northwest direction. Heavy rains and strong winds were expected in the parts of Aurora, Cagayan, and Isabela which were under storm signal #2. Signal #1, the lowest in a five-level warning system, was up in Batanes, parts of Cagayan and Isabela, Quirino, provinces in the Cordillera Region, parts of Nueva Vizcaya, Aurora, Quezon, Camariñes Norte, and Camariñes Sur. — Revin Mikhael D. Ochave

Click to comment

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Your email address will not be published.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. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

Leading digital solutions platform Globe was recently recognized by the ASEAN Innovative Business Platform (AIBP) for being a trailblazer on environmental, social, and governance...

Economy

  Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by enabling them to publish their...

Economy

NEW TAXES may have to be introduced to fund the incoming Marcos administration’s priority projects, but the timing would have to be carefully considered,...

Economy

By Revin Mikhael D. Ochave, Reporter AS FERDINAND R. MARCOS, JR. is poised to assume office on June 30, business groups are hoping the...

Economy

THE PHILIPPINES may find it more costly to service its foreign debts, as the peso slumped to its weakest value against the US dollar...

Economy

By Arjay L. Balinbin, Senior Reporter SPECTRUM USER FEES (SUF), which telecommunications companies described as excessive, are unlikely to be lowered under the Marcos...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Disclaimer: SmartRetirementReport.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.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.