Profits rise with large-scale fields
Large-scale rice production has helped raise farmers' incomes by
lowering production costs and increasing yields as well as quality, the
Ministry of Agriculture and Rural Development (MARD) has reported.
Large-scale rice production has helped raise farmers' incomes by
lowering production costs and increasing yields as well as quality, the
Ministry of Agriculture and Rural Development (MARD) has reported.
A MARD report, presented at a seminar held in Can Tho City on April 25, said that large-scale rice fields covered 100,000 ha in the Mekong Delta for the 2013 - 2014 winter - spring crop.
Farmers are earning 2.2-7.5 million VND (105-350 USD) profit per ha compared with those earned by other farmers not taking part in the large-scale production programme, the report said.
In addition to rice, the large-scale production fields have also created higher profits for other crops.
For example, Tran Thanh Tuan, a farmer from Chau Binh commune in Ben Tre province's Giong Trom district, said that owners of coconut farms in the region had to sell their products at lower prices because traders had forced coconut prices down to earn more profits.
In 2013, the situation improved when the Mekong Coconut Co. signed contracts with Chau Binh farmers to create a large-scale coconut cultivation model in the commune.
Under the contracts, Mekong Coconut provided farmers with capital, fertilisers and production technology, and at the same time purchased coconuts at prices 500 VND higher per coconut.
These contracts have helped Chau Binh farmers increase their profits from coconut cultivation.
The representatives of Departments of Agriculture and Rural Development in the Mekong Delta said the large-scale cultivation model should be applied to other crops such as fruits, vegetable and aquaculture in the delta.
However, businesses are still reluctant to invest in the large-scale production model.
The report said that small-scale fields in the delta had also hindered the new production model, with each family in the region cultivating only 0.6 ha of land.
It recommended that families work with others to form larger areas for specific cultivation.
In addition, MARD suggested that farmers join cooperatives, which would make it easier for them to sign contracts with companies on large-scale production.
Authorities, scientists and banks were also asked to help farmers replicate the production model for the cultivation of other produce.-VNA
A MARD report, presented at a seminar held in Can Tho City on April 25, said that large-scale rice fields covered 100,000 ha in the Mekong Delta for the 2013 - 2014 winter - spring crop.
Farmers are earning 2.2-7.5 million VND (105-350 USD) profit per ha compared with those earned by other farmers not taking part in the large-scale production programme, the report said.
In addition to rice, the large-scale production fields have also created higher profits for other crops.
For example, Tran Thanh Tuan, a farmer from Chau Binh commune in Ben Tre province's Giong Trom district, said that owners of coconut farms in the region had to sell their products at lower prices because traders had forced coconut prices down to earn more profits.
In 2013, the situation improved when the Mekong Coconut Co. signed contracts with Chau Binh farmers to create a large-scale coconut cultivation model in the commune.
Under the contracts, Mekong Coconut provided farmers with capital, fertilisers and production technology, and at the same time purchased coconuts at prices 500 VND higher per coconut.
These contracts have helped Chau Binh farmers increase their profits from coconut cultivation.
The representatives of Departments of Agriculture and Rural Development in the Mekong Delta said the large-scale cultivation model should be applied to other crops such as fruits, vegetable and aquaculture in the delta.
However, businesses are still reluctant to invest in the large-scale production model.
The report said that small-scale fields in the delta had also hindered the new production model, with each family in the region cultivating only 0.6 ha of land.
It recommended that families work with others to form larger areas for specific cultivation.
In addition, MARD suggested that farmers join cooperatives, which would make it easier for them to sign contracts with companies on large-scale production.
Authorities, scientists and banks were also asked to help farmers replicate the production model for the cultivation of other produce.-VNA
You should also see
Dien Bien Phu Victory echoes, 70 years on
Seventy years ago, Vietnam won the Dien Bien Phu battle, forcing the French government to sign the Geneva Agreement in July 1954 and marking the end of the French military presence in the whole Indochina.
See more
Business
Localities get ready for fourth FDI boom
As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
Business
HCM City moves towards Net Zero
Ho Chi Minh City is building a project to restructure its industry towards sustainable development in the 2025-2030 period, with a vision to 2050, prioritising the use of high technology and reducing emissions towards net zero emissions by 2050.
Business
Old loans must endure higher interest rates temporarily: central bank
The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
Business
Vietjet adds more flights to Dien Bien
To meet the rising demands to visit Dien Bien of people and tourists during the celebration of the 70th anniversary of the Dien Bien Phu victory, Vietjet increased the frequencies of flights between Hanoi, Ho Chi Minh City and the northwestern province to 28 per week.
