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.
Total Number of Business Registrations
|Comparative Figures||2011||2012||2013||2014||2015||Jan-Mar 2014||Jan-Mar 2015||Jan-Mar 2016|
|Number of approved business permits for NEW business applications||165||154||123||197||223||50||78||107|
|Number of approved business RENEWALS||740||826||749||832||924||637||800||879|
|TOTAL number of annual business registrations (ADDITIONS)||905||980||872||1,029||1,147||687||878||986|
|Comparative Figures||2011-2012||2012-2013||2013-2014||2014-2015||Jan-Mar 2014 and 2015||Jan-Mar 2015 and 2016|
|GROWTH of the Total Number of Business Registration||8.29%||-11.02%||18.00%||11.47%||-40.10%||27.80%|
Number of Banks and Financial Institutions
|Number of Universal/Commercial Banks||4||4||4||4||5|
|Number of Thrift and Savings Banks||0||0||0||0||0|
|Number of Rural Banks||3||3||3||3||4|
|Number of Finance Cooperatives||18||18||22||22||22|
|Number of Savings and Loans Associations with Quasi-Banking Functions||3||3||4||6||9|
|Number of Pawnshops||24||24||25||25||25|
|Number of Money Changers/Foreign Exchange Dealers||11||15||18||15||16|
|Number of Remittance Centers||14||19||22||18||22|
|Number of Microfinance Institutions||21||22||21||22||22|
|Total Number of Financial Institutions||99||108||119||115||125|