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Farm growth expected to have steadied

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AGRICULTURE PRODUCTION likely sustained growth this quarter despite storms that cost the sector about P4 billion worth of losses, a Cabinet official and private sector experts said in recent interviews.

AGRICULTURE PRODUCTION likely sustained growth this quarter despite storms that cost the sector about P4 billion worth of losses, a Cabinet official and private sector experts said in recent interviews.

Hope to have between 2.5% to 3.0% [due to] productivity increase and hard work of the farmers and fishers, plus support from DA (Department of Agriculture), Agriculture Secretary William D. Dar said in a mobile phone message when asked for his estimate for fourth-quarter farm performance.

Three storms hit the country in these past two months. DA data as of Dec. 10 showed that Typhoon Nakri, locally known as Quiel, which hit early in November caused agriculture damage worth about P334.207 million; Typhoon Kalmaegi, locally known as Ramon, which hit the country in mid-November led to an estimated damage of about P26.607 million; while Typhoon Kammuri, or Tisoy, which hit the country early this month, caused P3.7 billion worth of agriculture production loss as of Dec. 13. In total, this quarter has seen about P4.061 billion in agriculture losses, according to the department.

See full article at Business World Online

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