Agriculture The economy of Sibagat is dependent heavily on subsistence agriculture. Its major agricultural products are coconut, corn, coffee, cacao, fruits, vegetables, and root crops. Trade and Industry The town of Sibagat plays a major role in Abacá Industry in Agusan del Sur as well as the entire Caraga Region. The Sibagat Federation of Abaca Weavers Association (SAWA), Inc. — as Sibagat town is leading and major producer of "sinamay" (woven abaca fiber) that played vital role in the growing and production of abaca products in the province. Abaca is identified as "One Town One Product" (OTOP). Their major product is Sinamay, a woven stalks of the abaca tree which fiber is stronger than cotton or silk, and as a result of that sinamay holds a very firm shape. Sibagat "sinamay" shines every time they will participate in trade fairs in both regional and national events. Members of Sibagat Abaca Weavers Association (SAWA) make rolls of fabric from sinamay or the first-class fiber from the Tagongon and Laylay varieties of abaca. The woven fabric is used as material for handicraft, housewares and fashion accessories, which are sold in the home and export markets. The Kolambugan Tribal Tree Farmers Association (KATTFA) is a major player of abaca trading. A licensed abaca local trader based in Kolambugan, Sibagat, Agusan del Sur authorized by the Philippine Fiber Industry Development Authority (PFIDA). Energy Global Sibagat Hydro Power Corporation is a subsidiary of Jowood Industries Inc., Philippines. The company has initially awarded by the Department of Energy (DOE) a Renewable Energy (RE) Service contracts for multiple hydropower projects in the Municipality of Sibagat with a combined potential capacity of 24-Megawatts (MW). The said contracts were executed through a ceremonial signing with Global Sibagat President James G. Ong and the then Energy Secretary Jericho Petilla last February 6, 2014. The RE projects are the Managong Hydroelectric Power Plant (6MW), Wawa Hydro Power Plant (13MW) and Bugsukan Hydro Power Plant (5MW) all located in Sibagat, Agusan del Sur. Hydro Power Plant Projects The Department of Energy (DOE) have identified various Renewable Energy power plant projects and awarded service contracts to the below list of hydropower projects all located in the Municipality of Sibagat. 13MW Wawa Hydropower Plant Project - 6MW Managong Hydroelectric Power Plant Project - Location: Managong Falls, Barangay Padiay 5MW Bugsukan Hydropower Plant Project - Location: Bugsukan River, Barangay Tabontabon, 5MW Hilong-hilong 4 Hydropower Plant