DA releases over P7.5million to banana farmers
- Written by AGRI INFO DAVAO
- Hits: 6702
The Department of Agriculture (DA) has turned over a partial crop insurance payment amounting to 7.5 million to banana farmers in Nabunturan, Compostela Valley recently.
Through DA's Philippine Crop Insurance Corporation (PCIC) and Land Bank of Philippines (LBP), the initial checks were released to 58 banana farmers from different cooperatives in Compostela alone.
PCIC Regional Manager Bonifacio Pales said that they are expecting to complete the release of the remaining indemnity checks amounting to P13 Million to around 90 banana farmers after a week.
“This is the help of the DA Secretary to those who are hardly hit by Typhoon Agaton early this year”, he said.