Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Damage to agriculture from Beryl now estimated at $4.7 billion | News
    Commodities

    Damage to agriculture from Beryl now estimated at $4.7 billion | News

    July 17, 20242 Mins Read


    Agriculture Minister Floyd Green has disclosed that the latest assessments have put the financial loss to the agriculture sector from Hurricane Beryl at $4.73 billion.

    This is up from an initial damage assessment of $1 billion.

    Speaking in the House of Representatives on Tuesday, Green said “The hurricane’s wrath spared little in our agricultural sector.”

    He said approximately 23,040 hectares of farmland has been affected, impacting over 48,852 farmers. The sector also suffered the loss of approximately 323,412 animals, including small ruminants, poultry and cattle.

    Green said approximately 11,200 fishers have been affected, most of whom have lost fishing gear in the form of traps and nets estimated at $1 billion.

    He said numerous fishing beaches in the most affected parishes have suffered infrastructural damage estimated at J$64 million. The most affected beaches are Old Harbour Bay, St Catherine; Bournemouth and Rocky Point, Clarendon; and Calabash Bay, St Elizabeth.

    The total estimated cost for the recovery of public gardens and scenic avenues stands at $31.13 million.

    Green said the Ministry of Agriculture, Fisheries and Mining has swiftly mobilised resources and formulated an immediate response plan.

    He announced a $700 million allocation to provide various forms of short-term assistance to be used to purchase critical items that are urgently needed.

    Green said an additional $150 million will be distributed through Members of Parliament and is to be prorated based on the level of damage in the constituency. Those allocations will have to be utilised over the next four weeks and will go through a verification process to ensure that they have in fact suffered damage through Hurricane Beryl.

    Meanwhile, Green said the ministry had started procurement early in light of the threat of bad weather and has already purchased $65 million in seeds across various vegetable lines. He said distribution of those inputs will start on Thursday.

    Follow The Gleaner on X and Instagram @JamaicaGleaner and on Facebook @GleanerJamaica. Send us a message on WhatsApp at 1-876-499-0169 or email us at onlinefeedback@gleanerjm.com or editors@gleanerjm.com.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Barrières en métal, parpaings, pierres… une quarantaine d’individus piègent des policiers qui intervenaient pour un vol de moto

    Commodities

    La lente construction d’un barrage en Côte d’Ivoire, entre ambitions énergétiques et désillusions

    Commodities

    FEQ : puissant et provoquant Slayer | Radio-Canada

    Commodities

    une tendance haussière qui confirme son rôle d’amortisseur de crise

    Commodities

    Davis Commodities conçoit une plateforme pour le règlement des produits agricoles via la blockchain

    Commodities

    Davis Commodities étudie la tokenisation du commerce agricole alors que le cadre réglementaire des stablecoins progresse aux États-Unis

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Vendre ou acheter, que privilégier quand l’or bat des records?

    Precious Metal

    XAG/USD is hovering above a key support at $35.50

    Cryptocurrency

    Crypto Market Set for Recovery as Liquidations Ease and Political Events Stir Optimism

    Editors Picks

    Property tax reimbursement plan for GSR arena project approved

    May 7, 2025

    International Women’s Day 2025: 30% Of Women Investments Go Towards Retirement, Children’s Future, Says Report

    March 7, 2025

    Camp Sewataro Property Information » Town Manager

    July 26, 2024

    Gold tops $3,000. Here’s what investors joining the gold rush need to know.

    March 13, 2025
    What's Hot

    78% of landlords worry about EPC targets, need Government support – Shawbrook – The Intermediary

    October 15, 2024

    Goodman Property Trust annonce un accord pour la création d’un fonds immobilier

    May 28, 2025

    1 TFSA-Worthy Dividend Stock to Buy and Hold for Life

    July 10, 2025
    Our Picks

    ce qu’il faut retenir des négociations de Bonn – Libération

    June 26, 2025

    Asiya Capital Investments Company K.S.C.P. annonce ses résultats pour l’exercice clos le 31 décembre 2024 -Le 19 mars 2025 à 08:09

    March 18, 2025

    Revealed – rental yields in different regions of England and Wales

    October 14, 2024
    Weekly Top

    AAS MINER Launches AI Cloud Mining Platform: Maximize Passive Income from Bitcoin Mining and Cryptocurrency Investments

    July 12, 2025

    Ripplecoin Mining Unveils Revolutionary Free Cloud Mining App, Set to Reshape Cryptocurrency Investment and Profit for All

    July 12, 2025

    Mesa Laboratories (NASDAQ:MLAB) Will Pay A Dividend Of $0.16

    July 12, 2025
    Editor's Pick

    Six new property laws coming in 2025 for millions of renters, landlords, homeowners

    February 14, 2025

    Tests de dépistage du cadmium : qui pourra en bénéficier ?

    June 11, 2025

    Montana Dakota Utilities 16% rate increase denied by regulators

    October 18, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.