We have an opportunity to buy a rice field in Nueva Ecija. Only a small plot of 1 hectare which is currently just laying 'fallow'
I have spent quite a bit of time recently doing some research into rice farming, and have done the best I can in completing a cost analysis.
This venture will never make me a millionaire, and I have no intention of making out it's a really serious or important business.
I want to do it for a number of reasons, but most importantly that it might provide some small employment and income for my extended
family and at the same time put some food on the table.
My analysis is purely cost/profit based and does not make any effort (as yet) to include the effects of weather, pests etc.
Does anyone here on the forum have any practical experience of this that they feel able to share?
