Typhoon Ulysses, Rolly, and Quinta Wipe Out Over P10 Billion in Agriculture
The Philippines has been hit with three typhoons within three weeks, costing the economy billions in damaged crops, destroyed homes, and flooded communities.
There’s no number yet as to the total amount of damages and losses incurred by this typhoon season, but we already have the number for the agricultural sector:
P2.5 billion from Typhoon Ulysses, P5 billion from Typhoon Rolly, and P2.7 billion from Typhoon Quinta.
This amounts to over P10 billion in damaged or destroyed agricultural goods for the country’s impoverished farmers and fishermen.
Typhoon Ulysses alone affected over 73,000 farmers and fishermen and 71,000 hectares of agricultural land. Farmers have lost 109,000 metric tons of produce due to the latest typhoon.
The losses include rice, corn, high-value crops, fisheries, livestock, poultry, and all the facilities and infrastructure used in the agricultural sector.
The Philippines is currently trying to climb out of a recession after COVID-19 pulled the economy down due to lockdown restrictions.