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Manila Bulletin devider Business devider Agri produce worth P136.5 M affected by shear line

Agri produce worth P136.5 M affected by shear line

Published Jan 29, 2024 07:29 am

At A Glance

  • Department of Agriculture (DA) reported production losses in Davao and Caraga due to the shear line.<br>DA-Disaster Risk Reduction and Management (DRRM) recorded around P136.56 million in losses, affecting 6,923 farmers.<br>Over 1,141 metric tons (MT) of agriculture production within 9,043 hectares, mostly rice and corn, were damaged.<br>DA assessing damages, providing P18.5 million worth of rice, corn, and vegetable seeds for replanting.<br>Agricultural Credit Policy Council (ACPC) offering Survival and Recovery (SURE) Loan program for affected farmers.<br>SURE loan allows farmers to borrow up to P25,000 with a three-year term repayment at zero interest<br>Quick Response Fund (QRF) to assist with rehabilitation of damaged lands in Davao and Caraga regions

The Department of Agriculture (DA) reported that many farmers in Davao and Caraga suffered production losses in agriculture and fisheries due to the shear line.

In a statement, the DA-Disaster Risk Reduction and Management (DRRM) recorded around P136.56 million in losses, affecting 6,923 farmers in the two regions.

Over 1,141 metric tons (MT) of agriculture production within 9,043 hectares, which was composed mostly of rice and corn during its beginning stages, were damaged by the weather phenomenon. 

The DA has begun assessing the damages by providing the worth of rice, corn, and other vegetable seeds that cost P18.5 million for replanting.

The Agricultural Credit Policy Council (ACPC) has also made a loan program available for the affected farmers with the Survival and Recovery (SURE) Loan.

According to the agency, the SURE loan would allow farmers to borrow up to P25,000 with a three-year term repayment at zero interest.

Lastly, the DA ensured that the Quick Response Fund (QRF) would assist with the rehabilitation of the damaged lands in the Davao and Caraga regions.

Related Tags

Davao shearline Caraga Department of Agriculture
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