Bukidnon - Economy

Economy

Bukidnon is an agricultural economy. it is a major producer of rice, maize, sugar, coffee, rubber, pineapple, banana, tomato, flowers, cassava, and other fruits and vegetables. It is also a major producer of chickens, hogs and cattle. Almost all large firms operating in the province are into production or processing of these agricultural products.

Del Monte Philippines, Inc. (DMPI), Lapanday Diversified Products Corp. and Mt. Kitanglad Agri-Development Corporation are engaged in pineapple production. Dole Philippines (Skyland) and Mt. Kitanglad Agri-Ventures, Inc. are into banana production. DMPI is also engaged in cattle fattening. Bukidnon Sugar Milling Corporation (BUSCO) and Crystal Sugar Milling are into sugar milling and refining.

Phil-Agro Industrial Corporation is in starch production. Menzi Agricultural Development is in cacao production. Agaropyta Phils. Inc., Bukidnon Greens Inc., FP Obrero Farms and ARDEM, Inc. are in cutflower production.

Food manufacturing giants, San Miguel Foods Corp. (SMFI_PFC), Monterey Farms Corp., Swift Foods, Inc. have intensified their contract breeding and growing operations in the province. Valencia Rubbertex, Inc., an 80-20 Japanese-Filipino joint venture produces rubber boots and rubber shoes for Japan.

As one of the major anchors in crop production, Bukidnon is moving forward towards establishing its position as a principal trader of rice, corn, sugar, potato, tomato and many other commercial and industrial crops. As the second largest producer of corn in the country, it reached a total production of 481,370 Mt. In year 2000, vast tracks of cornfields, rice paddles and sugar plantations are distributed all over the province.

Bukidnon has already assumed its role as producer and supplier of fresh fruits and vegetables. These produce are either sold in domestic markets or exported to Japan and other neighboring countries. Fresh pineapples, banana, sugarcane and cutflower grown over the years are among its exports. New agri-business industries are still growing. Even export of rubber boots and shoes, an infant industry in the province is increasing tremendously.

A wide variety of resource-based handicrafts is extensively produced from rattan, bamboo and wood. San Fernando is known for its rattan furniture. Bamboo baskets, wood wares and carvings, mats and other handmade products are ideal souvenir items.