DA earmarks P8.5B for farmers, fisherfolk hit by typhoons | Inquirer Business
Close  

DA earmarks P8.5B for farmers, fisherfolk hit by typhoons

By: - Reporter / @kocampoINQ
/ 04:35 AM November 28, 2020

The Department of Agriculture (DA) has allotted P8.5 billion to aid farmers and fisherfolk distraught by the series of typhoons that recently hit the country.

The money—pooled from funds allocated to the agency under the Bayanihan 2 law, its quick response fund, emergency loans and funding from its attached agencies—is expected to give enough reprieve to stakeholders who lost their livelihood.

ADVERTISEMENT

Agriculture Undersecretary Ariel Cayanan said the interventions would come in the form of seeds, fertilizers, farm machinery and equipment, ready-to-lay birds, livestock animals, veterinary drugs and biologics, fingerlings, boats and postharvest equipment.

It would also include the insurance coverage provided by Philippine Crop Insurance Corp.

FEATURED STORIES

Of the total, P2.37 billion and P1.07 billion would be dedicated to stakeholders in Cagayan and Bicol regions, respectively, who were the most adversely affec­ted by the calamities.

The rest would be distributed to the regions of Cordillera (P382 million), Ilocos (P313.8 million), Central Luzon (P281.5 million), Calabarzon (P736 million) and Mimaropa (P914 million).

As of Thursday, the DA has recorded a total of P12.8 billion in damage and losses incurred by the agriculture sector from the succeeding onslaught of seven typhoons—“Nika,” “Ofel,” “Pepito,” “Quinta,” “Rolly,” “Siony” and “Ulysses.”

Subscribe to Inquirer Business Newsletter
Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: farmers, fisherfolk
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2021 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.