Temperature is moderate both in its rainy and dry seasons, conducive to farming, agricultural and livestock production which are the usual occupation of the people. There are less and less farmers each year because locals resort to hog raising which provides better income. Other sources of income are being engaged in business and profession.
Ibaan is known as the home of the "kulambo" (mosquito net) because the production and trading of such nets belong to one of the most profitable businesses in the locality. Ibaan is also very known for their own-made "tamales" that is wrapped in the leaves of banana.
This town celebrates its foundation day during 11th of February. They have a simple festival called "Les Kuhliembo Festival", featuring their products - tamales, kulambo, habi, liempo, and tubo (sugar cane).