Severe Tropical Storm Kristine causes P80.8M damage to PH agri sector

Updated Fri, October 25, 2024 at 12:32 PM Published Wed, October 23, 2024 at 4:52 PM

Severe Tropical Storm Kristine has caused PHP80.80 million in damage to the Philippine agriculture sector, affecting at least 2,864 farmers across the Cordillera Administrative Region, Mimaropa, Bicol, and Western Visayas.

The Department of Agriculture (DA) has prepositioned PHP80.21 million in agricultural inputs, including seedlings, drugs, and biologics, to aid in recovery.

Affected farmers and fisherfolk can also expect expedited assistance, including a PHP500 million loanable fund under the Survival and Recovery Loan of the Agricultural Credit Policy Council (ACPC), a PHP500 million quick response fund, and fuel subsidies.

They can also access interest-free loans up to PHP25,000, payable over three years, and indemnification through the Philippine Crop Insurance Corporation (PCIC).

DA Secretary Francisco Tiu Laurel Jr. has instructed all concerned offices, especially regional field offices, to expedite the release of aid.

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Department of Agriculture Francisco Tiu Laurel Jr.

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