Is rice farming profitable in Philippines?

What is the most profitable crop in the Philippines?

Tomato is one of the most profitable crops in the Philippines and is extensively cultivated throughout the world.

How much does it cost to grow rice in the Philippines?

The cost of rice production in Philippines is currently at P12. 72 per kilo, against P6. 22 for Vietnam and P8.

How much do farmers make in Philippines?

The average salary for a farmer is ₱11,446 per month in Philippines.

Which agriculture is most profitable?

Most Profitable Agricultural Business Ideas in 2021

  • Vertical Farming. Market value: $3.9 billion. …
  • Precision Farming. Market value: $7 billion. …
  • Apiculture. Market value: $8.3 billion. …
  • Microgreens. Market value: $10.9 billion. …
  • Vegan Food. Market value: $14.4 billion.

How much do farmers get for rice?

Nearly 4,000 rice producers shared the $480 million in government payments during the two-year period, an average of about $120,000 each, according to government records. Many received considerably less than the average.

How much does it cost to plant an acre of rice?

Non-cash overhead is calculated as the capital recovery cost for equipment and other farm investments. Land. Rice land values range from $7,000 to $12,000 per acre. This study uses a value of $10,000 per acre.

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How much do rice farmers make in Philippines?

Farmers’ net returns were also lower for the dry season, from P35,765 per hectare in 2018 to P24,159 in 2019. PSA said that farmers earned an average of P0. 47 for every peso invested in palay production last year. It was higher during the dry season cropping at P0.

How long does it take to grow rice in Philippines?

Determine the time the variety takes from planting to harvest (short- duration, 100–120 days; medium duration, 120–140 days; long duration, 160 days or more). 3. Most varieties take 50–55 days from panicle initiation to harvest. 4.