Author: Lilibeth A. French
Any views expressed in this article are those of the author and not of Philippine Statistics Authority.
ILOILO CITY - - The use of biotech corn technology has generated higher yield and increased the income of around 400,000 farmers mostly started as ‘resource poor’ in the country.
Data presented by Dr. Saturnina Halos, Chair of the Philippine Biotechnology Advisory Team of the Department of Agriculture, during the APEC High Level Policy Dialogue on Agricultural Biotechnology here on September 30 showed that in the country the average yield advantage of biotech corn over ordinary hybrid corn is 19 percent.
The same data bared that farmers planting biotech corn has an income advantage of 8 percent as compared to those who are using the ordinary hybrid corn. The return on investment over ordinary hybrid corn of biotech corn is higher by 42 percent.
Halos said a study in 2013 showed how corn farmers spend their income from biotechnology. Some 78.7 percent respondents said they spent their income on their daily expenses; 60.9 percent used the money for their children’s education; 46 percent for home improvement; 24 percent for farm capital; 3.7 percent to buy their vehicles; and .5 percent of respondents said they can now spend for leisure and recreation.