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Wednesday, March 26, 2008
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More Government Aid goes to $Multi-Million Storm Losses

GUANGDONG - As of 4 March , Guangdong's agricultural and livestock industries had lost more than 3 billion yuan ($423 million) to the snowstorms. In addition, the province's aquaculture sector lost more than 6 billion yuan, according to figures from the Guangdong agriculture department.

A report in China Daily says that the snows caused direct losses of 17 million yuan to local agriculture in Fogang county, in the city of Qingyuan. Local governments are now offering discounted loans to farmers and to date, the county government and its credit union have appropriated around 32 million yuan for loans to orange farmers, alone.

Orange farmers have been hardest hit as the bad weather destroyed tens of thousands of kilograms of their precious crops, because winter is the harvest season.

The provincial government has donated more than 10 million yuan to Shaoguan and Qingyuan cities, which were most seriously affected by the disaster.

  • View the China Daily story by clicking here.

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