By Ignite Impact Fund
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April 18, 2023
Farmers in the Philippines, in particular rice farmers, are among the poorest in the country. With the rising prices of milled rice, some might think that farmers as a class are better off, but the reality that the rice value chain sees three changes of hands, with diminishing returns at each stage for the farmers. After the transfer of rice from farmer to trader to miller to wholesaler/retailer, an ordinary rice farmer only receives 5% of a share in profits for every 25kg sack of milled rice sold.