Universal Journal of Agricultural Research Vol. 9(3), pp. 79 - 90
DOI: 10.13189/ujar.2021.090303
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Commercialization of Green Corn-Based Silage Production for Dairy in Cagayan Valley: Profitability and Viability Assessment

Diosdado C. Cañete ¹, Teresa S. Alvarez ^2,*
1 Agribusiness and Agricultural Economics, College of Agriculture, Isabela State University, Echague, Isabela, Philippines
² Department of Accountancy, Isabela State University, Echague, Isabela, Philippines

ABSTRACT

This study assessed the profitability and viability for the commercialization of green corn-based silage production for dairy in Cagayan Valley. Specifically, a.) Determine the cost and return analysis of producing corn green silage; b.) Compare the cost and return for the different opportunities of dairy farmers in engaging silage production; and c.) Assess the profitability and viability of dairy as fed with green corn silage. Malaya Development Cooperative (MDC) has operated with Dairy Buffalo while, San Agustin Dairy Cooperative (SADACO) is engaged in Dairy Carabao production. There were various packages of technologies introduced for adoption like green corn production, green corn silage. Option 3 (planting corn, processed as silage, and sold as silage) has contributed with the highest net return of Php145,565.00 annually while, option 4 (plant corn, process it as green corn silage, feed it as silage to 3 heads dairy Carabao) with net income of Php71,184.63 annually. For viability, option 3 has showed with the best viability results, the lowest payback period of 0.82 year; higher net present value of Php459,634.71 and higher Internal rate of return with 124.21%.

KEYWORDS
Dairy Production, Profitability, Viability, Green Corn Silage

Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Diosdado C. Cañete , Teresa S. Alvarez , "Commercialization of Green Corn-Based Silage Production for Dairy in Cagayan Valley: Profitability and Viability Assessment," Universal Journal of Agricultural Research, Vol. 9, No. 3, pp. 79 - 90, 2021. DOI: 10.13189/ujar.2021.090303.

(b). APA Format:
Diosdado C. Cañete , Teresa S. Alvarez (2021). Commercialization of Green Corn-Based Silage Production for Dairy in Cagayan Valley: Profitability and Viability Assessment. Universal Journal of Agricultural Research, 9(3), 79 - 90. DOI: 10.13189/ujar.2021.090303.