What's growing on my palm?

Fallston, MD(Zone 6b)

I found a colony of what looks like some kind of lichens growing on my R. hystrix this morning. I've had this palm in the ground for about 4 years and it has been doing well, but I don't know what if anything to do about this growth. It grows between the trunk and a frond. Please help!!!!

This message was edited Sep 22, 2012 1:34 PM

Thumbnail by kudrick Thumbnail by kudrick
San Tan Valley, AZ(Zone 9a)

Looks like it's flowering/fruiting.

Fallston, MD(Zone 6b)

I feel really dumb, but I've never had a palm do this before.

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