Why Rice is considered as the most important commodity in the Philippines?

Rice is the staple food in the Philippines, more important to the economy and to the people at a lower income levels, hence an important intervention point for promotion of agricultural development and alleviation of poverty. Rice is what many farmers grow, but it is also what nearly all consumers eat.

How can we increase rice production in the Philippines?

Since current rice yield is way below the yield potential of most modern varieties, improved fertilizer use and crop management, better irrigation facilities, and high-yielding varieties can boost the country’s rice output. The main source of additional rice production is improved yield growth.

What is the importance of rice farming?

Rice is the most important human food crop in the world, directly feeding more people than any other crop. In 2012, nearly half of world’s population – more than 3 billion people – relied on rice every day.

How can we improve rice farming?

The three factors that could contribute to increased rice productivity are: (a) developing new rice varieties including hybrids with higher yield potential; (b) minimizing the yield gap between what is currently harvested by farmers and the achievable highest on-farm yield of varieties they grow; and (c) reducing the …

Is rice farming profitable 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. Using this variety, I got an average yield of 30 tons in the hectares I planted (or 9 times the average yield).

How does farming rice affect the economy?

Rice production and trade contributes roughly 6.2 percent of the BIN GDP. India is one of the largest exporters of rice to the world, exporting nearly 10 million metric tons every year. India has kept export prices low through government subsidies to farmers and exporters. Farmers receive two types of subsidies.

How has rice contributed to the food industry?

Rice, wheat, and maize are the world’s three leading food crops; together they directly supply more than 42\% of all calories consumed by the entire human population. Of these three major crops, rice is by far the most important food crop for people in low- and lower-middle-income countries.