Socio-Economic Activities

Socio-Economic Activities of the province

The province has a flourishing agriculture-based economy continually performing competitively with the other provinces in the region, specifically on banana and other high value crops. It has mineral lands and considered as the mineral hub of Mindanao along with Davao Oriental. Historical data as reflected in the Philippine Statistics Authority (PSA) Family Income and Expenditure Survey (FIES) showed that out of the total number of families in the province, majority have sourced out their main income through engaging agriculture related activities to sustain their families’ source of living.

AGRICULTURAL SECTOR

Agricultural production is the major economic activity of the province. Large portion or 30.15% of the province’s total land area is identified as agricultural land which are planted to rice, corn, industrial and commercial crops such as coconut coffee, abaca and rubber; fruit crops like banana, mango, pineapple, durian, calamansi, mandarin, and lanzones and vegetable crops to include root crops and tubers. Generally, the province has great potentials for food production.

FISHERY AND AQUATIC RESOURCE SECTOR

Fishery sector in the province has not been doing vibrantly as its production has been insufficient compared to total consumption requirement of the province’s populace. Recent data show (Table 47) that out of 14,870.55 metric tons of fish consumptions requirement of the around 687,195 population of the provine in 2014, only around 19 percent was satisfied by the fish produced in the province. The remaining 81 percent was supplied by sources from the neighboring sources from the neighboring cities and provinces, like Surigao Del Sur, Davao Oriental, and General Santos City.

LIVESTOCK AND POULTRY PRODUCTION

The production of livestock and poultry in the province is largely dependent on backyard raising. Commercial production is waning due to the soaring costs of feeds and other production inputs. In 2014, livestock and poultry production in the province totaled 18,469.00 metric tons against the demand of level of 7,759.46 metric tons or a surplus of around 10,709.54 metric tons.

MINING AND QUARRYING

The mining and quarrying industry of Compostela Valley Province has gained significant recognition in the region and even in the whole country. Internally, it is being reckoned as second to agriculture that has substantial contribution to the economy of the province.

Declared as “mineral hub” of the Davao Region, the province continues to be the target site of the mining companies in the country. In 2014, the Mines and Geo-Science Bureau (MGB) of Region XI divulged the there were 74 applications filed in their office to secure Mineral Production Sharing Agreements (MPSA) to cover the toal of 158,760.78 hectares of land area in Compostela Valley Province, yet only 6 were denied. Also, there were 85 applications filed securing for Exploration Permit (EP) at the 72,089.34 hectares of land, however only (5) applicant to cover the 72,089.34 hectares approved and registered, 17 under process while 39 denied.

Name of Cooperative Mineral Resource Location Area (ha.)
Sitio/Barangay Municipality
I. Declared "Minahan ng Bayan"
1. Davao-ComVal Small Scale Mining Coop (DCSSMC) gold Lumanggang, New Leyte Maco 81
2. Bagong Silang Small Scale Mining Coop gold, copper Bagong Silang & Tandik Maragusan 81
3. Panoraon, Small-Scale Mining Cooperative (PASSMICO) gold, copper Panoraon Maco 81
4. Diat Small Scale Mining Cooperative gold, copper Purok 1 to 8 Panoraon Maco 81
5. Biasong Small Scale Mining Cooperative (BSSMC) gold, copper Biasong, Napnapan Pantukan 81
6. Boringot Miners Multi-Purpose Cooperative Cooperative gold, copper Boringot, Napnapan Pantukan 81
7. Nabunturan Integrated Miners Development Cooperative (NIMDC) gold, copper inupuan, Mainit Nabunturan 20
Sub-total 506 hec.
II. Proposed "Minahan ng Bayan"
1. Uduan Manurigao Minahan ng Katutubo Cooperative gold, copper Uduan, Manurigao New Bataan 223
2. Camanlangan Small Scale Miners Multi-Purpose Cooperative Camanlangan New Bataan 162
3. NATRIMCO Minahang Katutubo Cooperative Matagdungan, Bukal Nabunturan 81
4. Nabunturan Integrated Miners Development Cooperative 2 Inupuan, Mainit Nabunturan 20
5. New Barili Small Scale Miners Cooperative gold New Barili Maco 81
6. Mascareg Small Scale Miners & Ore Processor's Cooperative gold Mascareg, Anitapan Mabini 81
7. Brgy, Kapatagan, Casoon, Monkayo Kapatagan, Casoon Monkayo 81
8. Maragusan Pamintaran Small Scale Miners Cooperative Pamintaran Maragusan 40
9. Panganason de Mano Mining Cooperative gold Panganason, Kingking Pantukan 81
10. Katutubo Mayantok na Minahan Cooperative gold Pulong-Lupa, Boringot, Kingking Pantukan 162
11. Lumanggang Integrated Small Scale Miners Association gold Lumanggang, KingKing Pantukan 81
12. Upper Gumayan Small Scale Miners Producers Cooperative gold, copper Upper Gumayan, KingKing Pantukan 81
13. Tabon-Dasuran Small Scale Mining Cooperative 81
14. Palale Small Scale Mining Cooperative 81
15. Hanagdong-Royal Plus Small Scale Mining Cooperative 120
16. New Bataan Camanlangan Mansaka Tribal Council, Inc. Camanlangan New Bataan 81
17. Anogkot Araibo Miners Cooperative gold, copper Araibo Pantukan 81
Sub-total 1,618
TOTAL 2,124.00

Source: PENRO-LGU, Compostela Valley (based on 2014 data)

MANUFACTURING

There are 692 industrial and manufacturing establishments in the province, which are categorized mostly as small-scale industries. Table 53 shows that Monkayo has the largest number of establishments at 227, closely followed by New Bataan with 225 while Monkayo ranked third with 144 establishments. Montevista, on the other hand, has the least number accounted to 16 establishments.

Most of the industrial establishments present in the province are motor mills concentrated in Monkayo, Pantukan New Bataan and Maragusan. Gold Tunneling and gold processing industries are found mostly in municipalities known with gold ore extraction activities such as New Bataan, Pantukan, Monkayo, Maragusan, Maco, and Nabunturan (Table 53).

COMMERCE AND TRADE

The number of registered commercial establishments in the province is accounted to 9,359 of which 5,828 establishments or 62.3 percent are engaged in retail trading activities, 2,437 or 26.0% in services category and at least in number are businesses that ventured into real estate activities.

  •  
  •  
  •