Midsayap, Cotabato - Economy

Economy

Characterized to have a clay type of soil that is best suited for agricultural use, most (42.03 percent) of the town's land area are devoted to agricultural production. The lowland areas were planted with rice and other seasonal crops while the upland areas were planted with permanent crops. Agricultural products of the town include rice, corn, mango, coffee, coconut, banana, vegetables and root crops.

Aside from the thriving agriculture industry, Midsayap also boasts of its other industries such as cut flowers and ornamental plants, livestock and poultry, furnitures and decorative crafts and telecommunications. It is also a potential area for putting up other industries such as fruit and meat processing as well as oil palm plantation and processing.

Strategically located, Midsayap serves as a major commercial and trading center of the province where farmers from neighboring municipalities bring their agricultural products to be sold/traded

Read more about this topic:  Midsayap, Cotabato

Famous quotes containing the word economy:

    Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.
    Jane Jacobs (b. 1916)

    Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.
    Alexander Herzen (1812–1870)

    Everyone is always in favour of general economy and particular expenditure.
    Anthony, Sir Eden (1897–1977)