The Banaue Rice Terraces (Filipino: Hagdan-hagdang Palayan ng Banawe) are 2,000-year-old terraces that were carved into the mountains of Ifugao in the Philippines by ancestors of the indigenous people. The Rice Terraces are commonly referred to as the "Eighth Wonder of the World".

Locals up to this day still plant rice and vegetables on the terraces, although more and more younger Ifugaos do not find farming appealing, often opting for the more lucrative hospitality industry generated by the terraces. The result is the gradual erosion of the characteristic "steps", which require constant reconstruction and care. In 2010, a further problem encountered was drought, with the terraces drying up completely in March of that year.

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