The Department of Agriculture (DA) announced that the national government will provide credit and insurance assistance to farmers and fishers affected by the El Niño phenomenon. P500 million credit assistance and P1.8 billion insurance claims will be distributed. Each affected farmer and fisher will receive P25,000 credit assistance and a maximum of P20,000 insurance claims.
Additionally, P5,000 financial assistance to rice farmers and P3,000 fuel subsidy to farmers and fishers will be provided. Damage to agriculture is estimated at P357.4 million
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