Rice fields turns into Banana Plantations
I saw this headline from PDI last June 2. And it says in the article that Mindanao is the Country’s food basket but is also gripped with high prices of commodities specifically rice.
We’ve been plagued with the high price of rice for several months now and we’ve blamed a lot of factors for this.
I go for the theory (or is it a fact already?) that high rice prices are brought about by “rice hoarders”. Coupled wit agricultural lands being converted into industrial zones or housing projects.
But what I have observed and based from conversations with long time settlers here in the Davao Region, several rice fields have been transformed into banana plantations.
Well, return of investment is quicker with a bigger profit. unlike with rice where you’d have to wait for months (3-4 months?) to rip the fruits of your hard labor.
Banana trees are easier to manage and cheaper. You need not buy the next “seeds” ( i don’t know what you call them). New ones just sprout beside the old one.
Aside from Banana, you have pineapple, Buko, pomelo… other fruits which are easier to manage, sell, and get profit from.
Going back to Bananas, here are some articles to support my observations:
My officemate told me about this news that Middle east countries have tapped Mindanao for banana exports… Billions and Billion of bananas will b exported there.
Less rice.. more bananas. =p