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.
See full article at Manila Bulletin
