Farming is not only a decent job but also a profitable and enjoyable business. Many people spend their retirement 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 large-scale farming, we provide a 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 2007 to 2018 and it has not changed since then.
Here is the list of the best vegetables to farm (with scientific names) in order to make a profit.
1. 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 go together. Eggplant is the fastest vegetable to prepare and has the simplest menu. You can either fry, grill, or make a torta with it.
2. Onion Bulb
Allium cepa – There were 181,208 metric tons of onion bulbs produced locally in 2016. Filipinos consumed 194,672 metric tons, including imports with an average consumption of 1.93 kilograms of onions per person per year. The biggest producers of onions is Central Luzon particularly the provinces of Nueva Vizcaya and La Union. The average net profit to production cost ratio is 187.7%.
3. String Beans
Phaseolus vulgaris or locally known as Baguio beans – In 2016, there were 13,754 hectares planted with string beans. The average net profit to cost ratio on string beans production is 187.7% which considered highly profitable. String beans, also known as Baguio beans, are 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 in many countries, especially in the US. In 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 consume 1.02 kilograms of potatoes every year which is considered very low compared to Americans. The net profit to cost ratio is 133.5%.
There were 67,037 metric tons of carrots (Daucus carota subsp. sativus) produced locally in 2015. The supply of carrots for human consumption is higher by almost 5,000 metric tons which were used for animal feed production. With a 224% profit-to-cost ratio, planting carrots has really a big return.
About 87 percent of garlic (Allium sativum) consumed by Filipinos are imported as a 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 the main agricultural products in Nueva Viscaya and La Union. Garlic’s 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 has also the least supply with an average of 11,000 metric tons per year. Profit to cost ratio is 171.9%.
8. Spring Onion
Spring onion (Allium canadense) sibuyas tagalog is another important ingredient in Philippine cuisine. Filipinos consumed a total of 194,672 metric tons of spring 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 goes side by side with carrots’ price.
Solanum Lycopersicum – The biggest production of vegetables on this list is tomato. Tomatoes can be planted everywhere and have a high yield during harvesting time. Tomato, along with onion and garlic, is the most important ingredient every Filipino kitchen must-have.
Other vegetables that worth investing in are pumpkin/squash (Cucurbita), upo (Lagenaria siceraria), okra (Abelmoschus esculentus), and pechay (Brassica rapa).