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Corn is an important staple food for the world, especially for the Philippines, being the primary crop for 20% of the population. [17] In the Philippine epidemic from 1974 to 1975, Philippine downy mildew cost the nation 8% of the total yield , accounting to 205,470 metric tons, or $22,601,700. [ 11 ]
The National Food Authority was created by President Ferdinand Marcos through Presidential Decree No. 4 dated September 26, 1972, under the name National Grains Authority (NGA) with the mission of promoting the integrated growth and development of the grains industry covering rice, corn, feed grains and other grains like sorghum, mung beans, and peanuts. [1]
Most of the corn grown in the United States today is yellow dent corn or a closely related variety derived from it. [2] Dent corn is the variety used in food manufacturing as the base ingredient for cornmeal flour (used in the baking of cornbread), corn chips, tortillas, and taco shells. It is also used to make corn syrup.
Corn prices are now up about 10% over the past month. The surge came after prices hit 2020 lows last year due to oversupply, which eroded farmers' incomes and hit the rural economy hard.
The Philippines is the world's third largest producer of pineapples, producing more than 2.4 million of tonnes in 2015. [49] The Philippines was in the top three banana producing countries in 2010, including India and China. [50] Davao and Mindanao contribute heavily to the total national banana crop. [50]
One major drawback with corn ethanol, is the energy returned on energy invested , meaning the energy outputted in comparison to the energy required to output that energy. Compared to oil, with an 11:1 EROI, corn ethanol has a much lower EROI of 1.5:1, which, in turn, also provides less mileage per gallon compared to gasoline. [7]
In Brazil where sugar cane is used, the yield is higher, and conversion to ethanol is more energy efficient than corn. Recent developments with cellulosic ethanol production may improve yields even further. [12] In 2006 a study from the University of Minnesota found that corn-grain ethanol produced 1.25 units of energy per unit put in. [13]
Land Bank of the Philippines (LBP; often referred to simply as LandBank), is a government-owned bank in the Philippines with a special focus on serving the needs of farmers and fishermen. While it provides the services of a universal bank , it is officially classified as a "specialized government bank" with a universal banking license.