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»Hurricane Beryl’s agricultural damage now estimated at $6.5-b – Green
    Commodities

    Hurricane Beryl’s agricultural damage now estimated at $6.5-b – Green

    July 28, 20243 Mins Read


    Agriculture, Fisheries and Mining Minister Floyd Green has revised the estimated damage to the agricultural sector from Hurricane Beryl to $6.5 billion.

    This is up from the $5.7 billion estimate which the minister had provided to Parliament recently.

    Additionally, the cost to get the sector to return to its pre-Beryl state has increased by an additional $2 billion, up from the more than $8 billion estimate provided by Green recently.

    In addressing a Hurricane Beryl relief handover ceremony at Hi-Pro’s head office in White Marl, St Catherine on Thursday, Green was quick to point out that further losses from the fisheries sector could increase the estimated damages.

    “We’re now at about $6.5 billion in damage,” Green informed, adding that the figure ballooned due to farmers still calculating their damages.

    “… As you know in agriculture, the first thing our farmers do is look to see what they can salvage before determining their full loss,” Green explained.

    He said additional figures from some of the island’s fisher folks are also being tallied.

    “That (estimate) is the loss to the sector, but rebuilding the sector would normally take about one-and-a-half times the costs of the loss,” Green indicated.

    “So, we’re looking at close to $10 billion that it will take to get us back to where we were before Hurricane Beryl,” he added.

    To support recovery efforts, especially relative to poultry farmers who were the hardest hit following the passage of Beryl, Hi-Pro has distributed 140,000 baby chicks to assist small-scale poultry farmers, and committed to a $5 million contribution in additional input materials to the overall agricultural sector.

    At the presentation ceremony, it was noted that the company has been engage in a much larger ongoing support programme for the agricultural sector.

    Further, Green said the ministry has allocated $60 million for the procurement of layer and broiler chicks, with $26 million being also set aside to repair damaged chicken houses.

    Green said within a two-week period, farmers have been given seeds to replant, while the ministry plans to ramp up its poultry programme next week.

    This, said the minister, is critical, as approximately 300,000 animals were lost during the hurricane, mostly chickens.

    In fact, he said among the layer and broiler farmers are women who head “single female-run households”, and that form of livestock farming is their “source of income, especially in generating funds for back-to-school (expenses).”

    Green gave the ministry’s commitment to “working with our small chicken farmers to get them back into production as quickly as possible.”





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    La première place pour les électriques à l’EcoGreen Energy 2025

    Commodities

    L’infernal concert de Muse au Hellfest

    Commodities

    Rencontre avec Tabahi, seul groupe de thrash metal du Pakistan

    Commodities

    Graspop Metal Meeting 2025 : Iron Maiden en grande forme, vampires, monstre et grand soleil

    Commodities

    Ghana’s agricultural export could be at risk

    Commodities

    Smartphone, tablettes… tout savoir sur la nouvelle étiquette énergie et ce que ça change pour vos achats

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    Pokemon cards, music royalties, sports memorabilia: Do alternative investments work?

    Fintech

    Orange : vers une cession de la fintech Anytime

    Cryptocurrency

    Warning to South Africans who have bought cryptocurrency – MyBroadband

    Editors Picks

    on a vu le phénomène « Helldebert », enfantillages d’Aldebert version métal au Fémina de Bordeaux

    February 16, 2025

    McPhy Energy : Mise à disposition du rapport annuel 2024

    April 25, 2025

    Nike Ja 1 “Light Silver” Gets Official Images

    July 27, 2024

    Introducing Deborah Jones: The Newest Star at the London Art Exchange

    October 31, 2024
    What's Hot

    Next Cryptocurrency to Explode, 23 February — Ethereum Name Service, PancakeSwap, Optimism, Bitcoin Cash

    February 23, 2025

    Acadian Plant Health and BASF Partner to Advance Climate-Resilient Agricultural Solutions

    October 22, 2024

    Prithvi Exchange, ASM Technologies share price in focus as will trade Ex-Dividend today

    February 23, 2025
    Our Picks

    The tiny breakdown in Silver could lead to big moves

    May 28, 2025

    Join the Most Senior Audience in Fintech at FinovateFall – FF News

    August 23, 2024

    Art Investment Strategies: How to Capitalize on the Buyer’s Art Market

    August 16, 2024
    Weekly Top

    Russia Developing Cross-Border Digital Payment with BRICS

    June 20, 2025

    UK family home for sale for £1 and it’s not far from the city centre or beautiful beaches

    June 20, 2025

    3 Highly-Rated Dividend Stocks You’ve Probably Never Heard Of (But Should)

    June 20, 2025
    Editor's Pick

    The UK seaside village where you can buy super cheap houses for just over £100k | UK | News

    May 16, 2025

    Revitalize gold and copper: India’s path to mineral independence and economic growth

    July 14, 2024

    Accord entre le français Natixis et l’italien Generali pour un projet de création d’un géant de la gestion d’actifs

    January 20, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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