Your question: Is rice farming profitable in Philippines?

How much do rice farmers make a year?

Salary Recap

The average pay for a Rice Farmer is $28,130 a year and $14 an hour in the United States. The average salary range for a Rice Farmer is between $22,121 and $32,910. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in the United States.

How much do farmers make in Philippines?

The country’s nominal wage rate of agricultural workers in 2019 averaged PhP 331.10 per day. On the average, male farm workers were paid at PhP 335.00 per day, higher than the average wage rate of female farm workers at PhP 304.60 per day.

How much do you make per acre of rice?

This statistic shows the yield of rice per harvested acre in the United States from 2000 to 2020. According to the report, the rice yield per harvested acre amounted to approximately to 7,619 pounds in 2020, increasing from 7,507 pounds per acre in 2017.

How much does it cost to grow 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.

What is the most expensive crop?

Saffron might be the most expensive (legal) crop in the world. Selling for around $2500 per pound, it’s certainly the most expensive culinary herb. It’s hard to describe what saffron tastes like, but most people describe it as a floral honey flavor.

How much is a kilo of rice in Philippines?

The average domestic retail price of palay or rice in the Philippines was around 45 Philippine pesos per kilogram in 2018.

What is the most important crop in the Philippines?

The leading crops are rice, maize, sugarcane, coconut, banana, mango, pineapple, cassava, coffee, sweetpotato and eggplant. In terms of harvest area, the most extensively grown crops are rice, coconut, maize, sugarcane, banana, cassava, coffee, mango, sweetpotato and Manila hemp.

How much do rice farmers make in Philippines?

Using data from the Philippine Statistics Authority (PSA), the majority of rice farmers get a net return per hectare of P16,832, with a net profit-to-cost ratio of 0.40. These are far below those of HVCs. “Every year, the DA gathers information on revenues and costs for farm products.

How long does it take to grow a rice?

Rice plants grow to a height of three to four feet over an average of 120 days after planting. During this time, farmers irrigate the rice fields using the method that best fits that field or farm.

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