Economic analysis of corn techno demo program in Bicol region [Philippines]
2001
Sales, H.M. | Cambaya, R.C. | Fortuno, M.E.
The study determined the viability and assessed the differences in the income levels and technical resources requirements of the new technologies vis-a-vis existing farmers' practices in corn production in the Bicol region. Seventy-three farmers from Albay, Camarines Sur, Masbate and Sorsogon were studied. The new package of technology (POT) for corn provided added costs ranging from Php 259 to Php 6,285/ha per cropping from 1995 to 1997 planting. The incremental variable costs ranged from Php 1,735 to Php 7,620/ha per cropping for 1998 to 1999 planting. Guinobatan, Albay; Pili, Camarines Norte and Tigaon, Camarines Sur showed high incremental gross return ranging from Php 6,170 to Php 26,704 in 1995 to 1997. Also showed were the highest added benefit for every peso invested implying that these are the most profitable areas for corn production. Albay yielded the best performance for corn techno demo among the four provinces based on 1998 planting. Partial budget analysis showed that fertilization rate was the most significant factor in increasing yield and profitability of the corn techno demo projects. The additional profit in using fertilizer ranged from Php 600 to Php 6,800/cropping. The study recommended that future related projects should concentrate only in areas that would give the most profitable and optimum results and minimize losses. For those areas with MBCR greater than 2, the promotion of the new POT has chances of success. Higher labor costs signify labor scarcity, hence, mechanization can be an alternative
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