Ambo causes P1.37B damage to agriculture

Typhoon Ambo caused P1.37 billion worth of damage to the agriculture sector in the Visayas and Luzon regions.

The Department of Agriculture reported that 27,472 hectares were affected with a production loss of 66,760 metric tons.

High-value crops were the most impacted, accounting for over half of the total damage at P915.15 million, primarily due to banana losses worth P541.97 million.

Other affected commodities included rice (P318.13 million), corn (P62.45 million), and fisheries (P42.40 million).

A total of 70,533 farmers and fisherfolk across the Cordillera Administrative Region, Central Luzon, Calabarzon, Mimaropa, Bicol, and Eastern Visayas were impacted.

The Philippine Crop Insurance Corporation has enough funds to compensate 15,756 insured farmers and fisherfolk.