US EditionFarmers Earn More In 2024 Despite Higher Costs, Rice Buffer Stocks Up
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Farmers Earn More In 2024 Despite Higher Costs, Rice Buffer Stocks Up
Rice farmers posted higher earnings in 2024 despite rising production costs, while the country achieved a stronger rice buffer stock, the Department of Agriculture (DA) reported Thursday. Based on data from the Philippine Statistics Authority (PSA), the average farmgate price per kg. of palay (unhusked rice) rose to PHP23.48 in 2024, up from PHP19.88 in 2023. This increase resulted in a higher gross return of PHP95,906 per hectare and a net retu…
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