Rice-based agroenterprises particularly local milled rice are profitable due to their 10-20% return on investment.
This was emphasized to Agusan farmers during the Agribusiness Support for Promotion and Investment in Regional Exposition (ASPIRE) Trade Fair 2022 themed “Strengthening Digital Marketing Towards Agribusiness Prosperity: Eat Local, Buy Local,” in Butuan City on Sep. 2-4.
Sonny Jay Acosta, agroenterprise development facilitator of RiceBIS Agusan Project, said that “there is money in farming, and we need enabling support from a network of institutions like the government and private entities.” The Department of Agriculture’s Agribusiness and Marketing Assistance Division spearheaded the trade fair in collaboration with the Department of Trade and Industry and Philippine Chamber of Commerce, Inc.
