With fall armyworm (FAW) continuously infesting farms across the country, corn farmers are facing a bigger problem than declining farm-gate prices. The infestation’s estimated loss in the economy? Around P20 billion.
A statement showed that the government now sees a P20-billion economic loss for corn’s crop year due to FAW infestation, which is expected to affect 1.6 million metric tons (MT) of harvest on a total of 2.5 million hectares of corn area.
The infestation’s damage will also affect feed millers, food processors, livestock and poultry raisers, traders and consolidators, and finally, consumers.
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