Farming is not only a decent job but also profitable and enjoyable. Many people who spend their retirement on doing backyard farming. Another important thing about farming is that you can do it anywhere.
If you don’t have the land to farm, urban farming is a booming hobby and business.
If you are aiming for a large-scale farming, we provide the list of profitable vegetables that can give you a high return on your investment.
The list below is taken from the Philippine Statistics Authority data for 2003 to 2015.
Here is the list of the best vegetables to farm (with scientific names) in order to make profit.
1. Onion Bulb
Allium cepa – There were 181,208 metric tons of onion bulbs produced locally on 2016. Filipinos consumed 194,672 metric tons , including imports with an average consumption of 1.93 kilograms of onions per person per year. Biggest producers of onions are Central Luzon particularly the provinces of Nueva Vizcaya and La Union. The average net profit to production cost ratio is 187.7%.
2. String Beans
Phaseolus vulgaris – On 2016, there were 13,754 hectares planted with string beans. The average net profit to cost ration on string beans production is 187.7% which considered a highly profitable. String beans, also known as Baguio beans, is produced in many parts of the Philippines especially in Benguet, Batangas, and in places near Mount Kanlaon in Negros Island.
Potato (Solanum tuberosum) is important not only in the Philippines but many countries, especially in US. On 2015, local farmers produced 118,479 metric tons of potatoes and consumed 138,506 metric tons. The shortage by local producers was offset by imported crops. Filipinos consumes 1.02 kilograms of potatoes every year which is considered very low compared to Americans. Net profit to cost ratio is 133.5%.
There were 67,037 metric tons of carrots (Daucus carota subsp. sativus) produced locally on 2015. The supply of carrots for human consumption is higher by almost 5,000 metric tons which was used for animal feed production. With 224% profit to cost ratio, planting carrots have really a big return.
About 87 per cent of garlic (Allium sativum) consumed by Filipinos are imported as the local supply for this product is low. Local farmers only produced 10,420 metric tons of garlic in 2015, while the whole country consumed 80,458 metric tons. Garlic, together with onions, are main agricultural products in Nueva Vizcaya and La Union. Garlic net profit to cost ratio is 127.3%.
Cauliflower (Brassica oleracea var. botrytis) is the least consumed product on this list as Filipinos only consume an average of 110 grams of cauliflower every year. Cauliflower is used only on very specific menus and it was also the least supply with an average of 11,000 metric tons per year. Profit to cost ratio is 171.9%.
7. Native Onion
Native onion (Allium canadense) is another important ingredient in Philippine cuisine. Filipinos consumed a total of 194,672 metric tons of native onions in 2014, while only producing 181,208 metric tons. Other supplies came from imports. Profit to cost ratio is 111.9%.
Cabbage (Brassica oleracea var. capitata) is one of the major vegetables in the Philippines and is found in every market nationwide. Cabbage is widely grown in cooler places like Benguet and other highlands. The price of cabbage always go side by side with carrots price.
Solanum lycopersicum – The biggest production of vegetables among this list is tomato. Tomatoes can be planted everywhere and has a high yield during harvesting time. Tomato, along with onion and garlic, is the most important ingredients every Filipino kitchen must-have.
10. Ampalaya, Eggplant, Pole Sitaw
Ampalaya (Momordica charantia) or bitter gourd is one of the most important vegetables in the Philippines along with eggplant (Solanum melongena) and pole sitaw (Vigna unguiculata sesquipedalis). These three always goes together. Eggplant is the fastest vegetable to prepare and has the simplest menu. You can either fry, grill, or make a torta with it.
Other vegetables that worth investing are pumpkin/squash (Cucurbita), upo (Lagenaria siceraria), okra (Abelmoschus esculentus), and pechay (Brassica rapa).
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