Palm trees have over the years proven to be beneficial. Most people grow it for its oil extract, but there are other benefits that a palm tree has. The tree does entirely in sand-loam soil which is perfect for its roots and nutrition. Growing the tree in a warm climatic are is pefercet because winter dries it off, but you can consider growing it indoors with regulated temperatures.
The benefits of palm tree include:

Palm oil
The most common sort of benefit of the palm tree is for its oil. Palm tree oil is used for its nutrition value since it contains lots of vitamins. The oil is extracted from the seeds, and one can also use it for cooking. Palm oil from the tree can also be a great source of biofuel and energy and thus is sustainable. Some brands use palm oil as an ingredient for their cosmetics.
Broom
The leaves of palm trees make a perfect broom because once dried, and they are not only reliable but durable. They, therefore, are cost-saving because you do not have to buy a broom as many times plus give you an easy sweep which guarantees a perfect clean.

Weaving items
Weaving is an excellent source of employment because of the number of things one can make with perfect raw material. Palm tree leaves are durable and long-lasting thus perfect for weaving baskets and mats. You can make different sizes with their leaves and make some good money out of selling them.
Palm sugar
You can extract sugar from the tree, which is ideally sweet and known as sira. Palm sugar can be used for various purposes such as marking fermented beverages, wine and vinegar. The sugar, however, has to be processed for a perfect beverage or wine and is rich in nutrients, thus a perfect ingredient.