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
GROWTH of the Total Number of Business Registration 2011-2012 2012-2013 2013-2014 2014-2015 Jan-Mar 2014 and 2015 Jan-Mar 2015 and 2016
8.29% -11.02% 18.00% 11.47% -40.10% 27.80%

Number of Banks and Financial Institutions

Comparative Figures 2011 2012 2013 2014 2015
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 25 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