Economy
Hagonoy is mainly a fishing municipality with 7,837.65 hectares devoted to fish farming or about three-fourths of its total land area. It is home to about 1,423 fishpond operators and 55 registered consignacions – a venue for trading aquaculture products. The town offers a variety of harvest which includes prawns, shrimps, milkfish, tilapia, crabs, mussels and oysters.
With its abundant water resources and the coastal nature of the town, majority of the population is dependent on fishing industry. Even the municipal government has its own fishpond locally known as "Propyus", situated in Pugad and Tibaguin, two coastal barangays of Hagonoy along the coast of Manila Bay. It is subdivided to 7 lots with a combined lot area of 412 hectares of municipal waters.
Two local fish ports called "pundohan" – one in barrio San Nicolas and the other at the Poblacion, are the busiest commercial areas in the town. Fish traders from Lucena City, Quezon and Dagupan City, Pangasinan among other merchants of other provinces are regular bulk buyers the local ports or at the private "consignacions" (brokerage) of the large milkfish growers.
The coastal barrios are virtually 24/7 as fishermen go out to the sea at night for hours or even days while their loving families and relatives await them. Upon their return, their catch is immediately sorted out and sold at the local public markets and "talipapa" of the barangays. Their catch are also transported to the public markets in nearby towns and up to the public/private markets and supermarkets in Metro Manila.
Barangay Sto. Niño adjacent to the Poblacion is host to the numerous brokers of prawns for the domestic and export markets. The boats that sell their prawn catch at these brokers at times come from as far as the province of Capiz. A processing plant very near the brokers prepares and packages the prawns to export quality and global standards.
There are 2 “talipapa” (flea markets) in Hagonoy that also played minor central business districts – Sto. Rosario and San Agustin. Business activities include wet and dry market, grocery stores, carinderia and computer shops.
According to the Commission on Audit (COA) 2010 Annual Financial Report, Hagonoy ranked as the 8th richest municipality in Bulacan, surpassing the annual income of other 1st class municipalities like Bocaue, Calumpit, Plaridel, San Ildefonso and Balagtas.
Read more about this topic: Hagonoy, Bulacan
Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)