Profitability of cacao (Theobroma cacao L.) production in the selected areas of Misamis Oriental
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Abstract
This study assessed the profitability of cacao production in Claveria and Gingoog City, Misamis Oriental, from 2019 to 2021. Findings of the study showed that the relationship between socio-demographic profile, level of knowledge of farmers, and return on investment were not statistically significant based on Pearson's r correlation in 2019, 2020, and 2021. However, Gingoog City significantly differed in total income and expenses from Claveria, Misamis Oriental, with 50%, 43.46%, and 44.72% return on investment of Claveria in 2019, 2020, and 2021while 58.08%, 63.86%, and 62.14% return on investment of Gingoog City in 2019, 2020, and 2021 respectively. The study found that Gingoog City's net income increased in 2019, 2020, and 2021 by Php 20,073.33, Php 22,313.34, and Php 20,880, respectively. Gingoog City generated higher income in 2019 (Php 35,480.00), 2020 (Php 37,166.67), and year 2021 (Php 36,166.67) than Claveria, Misamis Oriental in 2019 (Php 15,406.67) 2020 (Php 14,853.33), and year 2021 (Php 15,286.67).
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