Estimation of Economic Costs of Flood Impacts of Typhoon “Crising” in Kabacan, North Cotabato, Philippines

Jennet R. Mag-aso; Rico C. Ancog; Enrique P. Pacardo; Corazon L. Rapera

doi:doi:10.11648/j.ijae.20180302.12

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Estimation of Economic Costs of Flood Impacts of Typhoon “Crising” in Kabacan, North Cotabato, Philippines

Jennet R. Mag-aso, Rico C. Ancog, Enrique P. Pacardo, Corazon L. Rapera

Published in International Journal of Agricultural Economics (Volume 3, Issue 2)

Received: 7 March 2018 Accepted: 18 April 2018 Published: 15 May 2018

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Abstract

Kabacan town in Mindanao, Southern Philippines, which is situated on the flood plain of Cotabato Province, has been heavily affected on flooding in the recent years. Flooding on February 2013 brought about by typhoon “Crising” had worsened as compared to previous flooding events in the area. This flood event has caused heavy damage to agriculture, and economy of the town. The economic impacts of February 2013 flooding was evaluated and monetized. Valuation techniques comprised of clean-up costs method, crop damage and loss of foregone income was used to estimate the economic costs of flooding. Economic costs comprised of loss of income from rice production, loss of income from other source, clean-up costs and government spending were reached up to Php20, 451,247.49. Findings of the study will be beneficial to the Local Government of Kabacan, particularly to the Municipal Disaster Risk Reduction and Management, Municipal Agriculture Office and to the Climate Change Commission as flooding is one of the major concerns of Climate Change.

Published in	International Journal of Agricultural Economics (Volume 3, Issue 2)
DOI	10.11648/j.ijae.20180302.12
Page(s)	31-36
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2018. Published by Science Publishing Group

Keywords

Flooding, Economic Costs, Flood Impacts, Valuation

References

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APA Style

Jennet R. Mag-aso, Rico C. Ancog, Enrique P. Pacardo, Corazon L. Rapera. (2018). Estimation of Economic Costs of Flood Impacts of Typhoon “Crising” in Kabacan, North Cotabato, Philippines. International Journal of Agricultural Economics, 3(2), 31-36. https://doi.org/10.11648/j.ijae.20180302.12

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ACS Style

Jennet R. Mag-aso; Rico C. Ancog; Enrique P. Pacardo; Corazon L. Rapera. Estimation of Economic Costs of Flood Impacts of Typhoon “Crising” in Kabacan, North Cotabato, Philippines. Int. J. Agric. Econ. 2018, 3(2), 31-36. doi: 10.11648/j.ijae.20180302.12

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AMA Style

Jennet R. Mag-aso, Rico C. Ancog, Enrique P. Pacardo, Corazon L. Rapera. Estimation of Economic Costs of Flood Impacts of Typhoon “Crising” in Kabacan, North Cotabato, Philippines. Int J Agric Econ. 2018;3(2):31-36. doi: 10.11648/j.ijae.20180302.12

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@article{10.11648/j.ijae.20180302.12,
  author = {Jennet R. Mag-aso and Rico C. Ancog and Enrique P. Pacardo and Corazon L. Rapera},
  title = {Estimation of Economic Costs of Flood Impacts of Typhoon “Crising” in Kabacan, North Cotabato, Philippines},
  journal = {International Journal of Agricultural Economics},
  volume = {3},
  number = {2},
  pages = {31-36},
  doi = {10.11648/j.ijae.20180302.12},
  url = {https://doi.org/10.11648/j.ijae.20180302.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijae.20180302.12},
  abstract = {Kabacan town in Mindanao, Southern Philippines, which is situated on the flood plain of Cotabato Province, has been heavily affected on flooding in the recent years. Flooding on February 2013 brought about by typhoon “Crising” had worsened as compared to previous flooding events in the area. This flood event has caused heavy damage to agriculture, and economy of the town. The economic impacts of February 2013 flooding was evaluated and monetized. Valuation techniques comprised of clean-up costs method, crop damage and loss of foregone income was used to estimate the economic costs of flooding. Economic costs comprised of loss of income from rice production, loss of income from other source, clean-up costs and government spending were reached up to Php20, 451,247.49. Findings of the study will be beneficial to the Local Government of Kabacan, particularly to the Municipal Disaster Risk Reduction and Management, Municipal Agriculture Office and to the Climate Change Commission as flooding is one of the major concerns of Climate Change.},
 year = {2018}
}

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TY - JOUR
T1 - Estimation of Economic Costs of Flood Impacts of Typhoon “Crising” in Kabacan, North Cotabato, Philippines
AU - Jennet R. Mag-aso
AU - Rico C. Ancog
AU - Enrique P. Pacardo
AU - Corazon L. Rapera
Y1 - 2018/05/15
PY - 2018
N1 - https://doi.org/10.11648/j.ijae.20180302.12
DO - 10.11648/j.ijae.20180302.12
T2 - International Journal of Agricultural Economics
JF - International Journal of Agricultural Economics
JO - International Journal of Agricultural Economics
SP - 31
EP - 36
PB - Science Publishing Group
SN - 2575-3843
UR - https://doi.org/10.11648/j.ijae.20180302.12
AB - Kabacan town in Mindanao, Southern Philippines, which is situated on the flood plain of Cotabato Province, has been heavily affected on flooding in the recent years. Flooding on February 2013 brought about by typhoon “Crising” had worsened as compared to previous flooding events in the area. This flood event has caused heavy damage to agriculture, and economy of the town. The economic impacts of February 2013 flooding was evaluated and monetized. Valuation techniques comprised of clean-up costs method, crop damage and loss of foregone income was used to estimate the economic costs of flooding. Economic costs comprised of loss of income from rice production, loss of income from other source, clean-up costs and government spending were reached up to Php20, 451,247.49. Findings of the study will be beneficial to the Local Government of Kabacan, particularly to the Municipal Disaster Risk Reduction and Management, Municipal Agriculture Office and to the Climate Change Commission as flooding is one of the major concerns of Climate Change.
VL - 3
IS - 2
ER -

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Author Information

Jennet R. Mag-aso

Department of Agricultural Economics, University of Southern Mindanao, Kabacan, Philippines
Rico C. Ancog

School of Environmental Science and Management, University of the Philippines, Los Banos, Philippines
Enrique P. Pacardo

School of Environmental Science and Management, University of the Philippines, Los Banos, Philippines
Corazon L. Rapera

Department of Agricultural Economics, University of the Philippines, Los Banos, Philippines

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APA Style

Jennet R. Mag-aso, Rico C. Ancog, Enrique P. Pacardo, Corazon L. Rapera. (2018). Estimation of Economic Costs of Flood Impacts of Typhoon “Crising” in Kabacan, North Cotabato, Philippines. International Journal of Agricultural Economics, 3(2), 31-36. https://doi.org/10.11648/j.ijae.20180302.12

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ACS Style

Jennet R. Mag-aso; Rico C. Ancog; Enrique P. Pacardo; Corazon L. Rapera. Estimation of Economic Costs of Flood Impacts of Typhoon “Crising” in Kabacan, North Cotabato, Philippines. Int. J. Agric. Econ. 2018, 3(2), 31-36. doi: 10.11648/j.ijae.20180302.12

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AMA Style

Jennet R. Mag-aso, Rico C. Ancog, Enrique P. Pacardo, Corazon L. Rapera. Estimation of Economic Costs of Flood Impacts of Typhoon “Crising” in Kabacan, North Cotabato, Philippines. Int J Agric Econ. 2018;3(2):31-36. doi: 10.11648/j.ijae.20180302.12

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@article{10.11648/j.ijae.20180302.12,
  author = {Jennet R. Mag-aso and Rico C. Ancog and Enrique P. Pacardo and Corazon L. Rapera},
  title = {Estimation of Economic Costs of Flood Impacts of Typhoon “Crising” in Kabacan, North Cotabato, Philippines},
  journal = {International Journal of Agricultural Economics},
  volume = {3},
  number = {2},
  pages = {31-36},
  doi = {10.11648/j.ijae.20180302.12},
  url = {https://doi.org/10.11648/j.ijae.20180302.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijae.20180302.12},
  abstract = {Kabacan town in Mindanao, Southern Philippines, which is situated on the flood plain of Cotabato Province, has been heavily affected on flooding in the recent years. Flooding on February 2013 brought about by typhoon “Crising” had worsened as compared to previous flooding events in the area. This flood event has caused heavy damage to agriculture, and economy of the town. The economic impacts of February 2013 flooding was evaluated and monetized. Valuation techniques comprised of clean-up costs method, crop damage and loss of foregone income was used to estimate the economic costs of flooding. Economic costs comprised of loss of income from rice production, loss of income from other source, clean-up costs and government spending were reached up to Php20, 451,247.49. Findings of the study will be beneficial to the Local Government of Kabacan, particularly to the Municipal Disaster Risk Reduction and Management, Municipal Agriculture Office and to the Climate Change Commission as flooding is one of the major concerns of Climate Change.},
 year = {2018}
}

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