LAKASABrowsing by Author "Beninsig, Jonel Karl A."

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Financial performance of grape farms in Bauang, La Union
(Don Mariano Marcos Memorial State University – Mid La Union Campus, 2023-05) Abuan, Lilian Rose S.; Beninsig, Jonel Karl A.; Cacayuran, Karen Edjerlhyn A.; Dumo, Dana Mae B.; Javonitalla, Josephine G.; Bayani, Keneth G.; Gacayan, Daniel B.; Siong, Venus D.; Quinitip, Tiffany Ruth R.
The Philippines is now one of the top agritourism destinations with grape farms as one of the promising investments. This study determined the financial performance of grape farms in Bauang, La Union. Data were gathered from 61 grape farm owners using a validated survey questionnaire and analyzed using frequency counts, percentages, mean, Spearman’s Rho and Cramer’s K Findings showed that grape farm owners were male, middle-aged adults, married, and college graduates, while the grape farms were less than a hectare with a ground well operated by an electric pump, operating at least a year, and were classified micro-enterprises. Further, these grapes farms were highly liquid and profitable in 2019 and highly solvent in 2020, which were significantly correlated with years of operation.