The town is a major producer of agriculture products such as coconut, banana, vegetables, corn, cassava and especially abaca[6] in the province.

440, s. 1961, the barrios and sitios of Bayugan, Maygatasan, Nueva Sibagat, Verdo, Mambutay, Salvacion, Caridad, Sagmone, Calaitan, Sinadyap, Malindao, Noli and other adjacent barrios and sitios were separated from Esperanza and constituted into the newly created municipality of Bayugan.

[7] On February 1, 1980, Sibagat was created into a municipality when the barangays of Ilihan, Sinai, Sibagat, El Rio, Afga, Tabontabon, Perez, Magsaysay, Santa Cruz, Santa Maria, San Isidro, Villangit, Del Rosario, Anahauan, Mahayahay and San Vicente were segregated from the municipality of Bayugan and organized into the newly created town, through Batas Pambansa Blg.

308 dated September 3, 1964 for wood production, watershed management, soil protection, and other forest uses containing an area of 29,500 hectares, more or less.

[11] Sibagat has a Type II climate which has no dry season but with pronounced maximum rain period occurring from December to January.

Its major agricultural products are coconut, corn, coffee, cacao, fruits, vegetables, and root crops.

The town of Sibagat plays a major role in Abacá Industry in Agusan del Sur as well as the entire Caraga Region.

The woven fabric is used as material for handicraft, housewares and fashion accessories, which are sold in the home and export markets.

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.

All means of land transportation including Public Utility Buses (PUB), most common are "Bachelor Express" and ''Davao Metro Shuttle" including "Surigao Express" and "Land Car Inc (LCI)" plying the routes of Butuan-Davao, Butuan-San Luis, Butuan-San Francisco, Butuan-Mangagoy and Butuan-Tandag via Pan-Philippine Highway Butuan-Agusan-Davao Road.

Sibagat can be reached also by land directly from Manila, Cubao, Pasay, Bicol and Visayas plying to Davao City routes and vice versa through Philtranco and PP Bus Line via Pan-Philippine Highway.

Inter-island vessels with the likes of M/V Filipinas vessels of Cokaliong Shipping Lines, Trans-Asia Shipping Lines and 2GO Travel of 2GO Group (the latest operator of the remnants of formerly famous SuperFerry fleet, Negros Navigation fleet and Cebu Ferries) plying the Manila-Cebu-Nasipit, Manila-Surigao-Nasipit, Manila-Cagayan de Oro-Nasipit, Cebu-Nasipit, Tagbilaran-Nasipit and Dumaguete-Nasipit routes on regular schedules with Nasipit Port as transit point.

The Nutriskwela Community Radio is a Project of the National Nutrition Council (Philippines) to address the problem of hunger and malnutrition in the Philippines by providing correct and updated Nutrition and Health information to areas with high prevalence of malnutrition and no access to broadcast media.

It was implemented in 2008, and Radyo Kaagapay in Sibagat, Agusan del Sur was its pioneering recipient in Caraga.

It is a Catholic Private School that run by the Diocese of Butuan located at the heart of Sibagat within the compound of Saint Anthony of Padua Parish along the Daang Maharlika Pan-Philippine Highway in Barangay Poblacion.

It is also an accredited Technical Education and Skills Development Authority (TESDA) Training Center for their TVET courses.