Economy
The economy of Tarlac is dominantly agricultural. Principal crops are rice and sugarcane. Other major crops are corn and coconut; vegetables such as eggplant, garlic, and onion; and fruit trees like mango, banana, and calamansi. It is among the biggest producers of Rice and Sugarcane notably grown in Hacienda Luisita in Barangay San Miguel, Tarlac City which is owned by the Cojuangco Family.
Because the province is landlocked, its fish production is limited to fishponds but it has vast river systems and irrigation which is more than enough to compensate for the need of water. On the boundary with Zambales in the west, forest lands provide timber for the logging industry. Mineral reserves such as manganese and iron can also be found along the western section.
Tarlac has its own rice and corn mills as well as sawmills and logging outfits. It has three sugar centrals. Other firms service agricultural needs such as fertilizer. Among its cottage industries, ceramics making has become important because of the abundant supply of clay. Some of the major industries here are the making of Chicharon and Iniruban in the municipality of Camiling, Ylang Ylang /Ilang-Ilang products of Anao and the Muscovado sugar products of Victoria. Besides those products, the province also boosts its sugar products in the Philippines. It is next to Negros Occidental which is the nation's sugar capital. Tilapia is also improving in Tarlac and it will soon be the Tilapia capital of the Philippines.
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Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
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