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:
“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)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“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)