Recently I posted an article on self-sufficiency and bee keeping in the Philippines. While doing research for that report, I noticed this news item: “Top 10 Philippines Cash Crops.”
Top 10 Philippines Cash Crops Study
Did you know that the Dept. of Agriculture keeps statistics on the revenues and costs of growing more than 30 farm products in the Philippines?
The Philippine Statistics Authority (PSA) then amasses all the information collected in a database called CountrySTAT.
CountrySTAT is part of the United Nations’ Food and Agriculture Organization Corporate Statistical Database (FAOSTAT).
The PSA computes the average income and costs per hectare[i] of growing the products. Fruits, vegetables, root crops, fish, poultry and livestock are included in the survey.
The PSA quotes averages for at least a dozen cost items, including cash and non-cash costs. Are you thinking of moving to the Philippines and looking for an extra income source? Maybe you’re already an expat living in the Philippines. “Top 10 Philippines Cash Crops” can help you decide what crop you might want to grow. The study is the national average of at least 14 years from 2002 to 2015. It covers revenue and cost structure across the Philippines.
Farm commodities and their average net returns per hectare form the basis of the rankings. Total costs minus gross revenues determine the final figures in the “Top 10 Philippines Cash Crops.”
Top 10 Philippines Cash Crops
- ONION BULB
- ONION NATIVE
The following infographic from Entrepreneur Philippines.com breaks down the average net return, average growth return, and average net profit to cost ration.
The next infographic, also courtesy of Entrepreneur Philippines.com lists other profitable farm products that can be grown in the Philippines.
[i] One hectare equals 10,000 square meters. One hectare contains about 2.47 acres.
Lead Photo Credit: Inquirer.net