Findings from the study reveal that despite very low profitability from corn,Lake Sebu farmers are concentrated in corn farming with about 53% of total agricultural area devoted to this crop. Other crops, specifically coconut, banana,abaca, rubber, beans and other vegetables entail much lower costs and a much higher earning potential for farmers, but only few Lake Sebu farmers plant them on a commercial scale. FGDs with farmers reveal that financing and marketing constraints prevent the farmers from shifting to more profitable crops mobile vertical rack. Lake Sebu farmers are heavily dependent on non-resident capitalists that prefer to finance corn production at a high interest rate and buy corn yields at a low price.Unless this one-sided set-up is eradicated, agriculture’s role in poverty alleviation in the Municipality cannot be realized. The paper concludes with specific recommendations on the forms and designs of government support programs to overcome farming constraints in Lake Sebu.