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The end product of vermicomposting is known as the vermicompost, a high quality organic fertilizer containing up to 8% nitrogen, 0.7% phosphorus, 1% potash and other trace elements. This is a perfect alternative to using chemical fertilizers, and this has been proven in field tests.
In Buro-Buro Vermi Farm, vermicompost is used to fertilize the vegetables which are then sold in the local market. Aside from this, the produced earthworm biomass is also used to feed fishes, chickens, and other farm animals. In vermicomposting, nothing is considered waste.
Its advantages are:
It's environment-friendly
It doesn't require imported inputs
It's highly profitable when sold
Vermicompost is more effective as an organic fertilizer than ordinary compost , it is humus
No burning of plants
Has auxin, a naturally occurring growth hormone
Living soil
No overdosage
Turns trash to cash
Improves soil health
Market Potential:
World and local markets for vermicomposting are big.
World consumption of organically grown foods is estimated at US$ 100 billion per year.
In 1993, the potential use of organic fertilizer covered 2.5 million hectares in the Philippines.
The demand for organic fertilizer in 1993 was 6.25 billion bags (50 kg/bag) compared to actual consumption of only 62,000 metric tons.