$107 Million for Panamanian Agriculture in 2011

This is the budget presented by the Ministry for Farming Development, 15.6% higher than in 2010.

Tuesday, September 7, 2010

Of the total amount, 40% ($43.9 million) will go toward investment projects.

"Emilion Kieswetter, the Minister for Farming Development, also plans to ask the Economy and Finance Ministry for a further $23 million of which $13 million would be used to balance a debt owed to more than 1,000 producers that took part in a competitiveness scheme with the rest to be spent on constructing access routes and genetic improvements to animals and crops," reports Prensa.com.

More on this topic

Agricultural Budget Cut by 50%

August 2010

In the last five years the Guatemalan Ministry of Agriculture's budget slid from $95.7 million to $47 million.

This year the ministry's budget makes up just 1.4% of the total spending planned by the government, while in 2005 the figure was 4.6%.

Jessica Gramajo, writing for Sigloxxi.com, reports comments from various agricultural trade associations.

$30 Million for Panamanian Agriculture

October 2009

The agricultural industry is confident it will return to profitability with these investments.

$11 million will be given as extraordinary loans for rice and corn growers from Coclé, Herrera and Los Santos, for the 2009/10 harvest.

Rubén Campos, general manager of the Agricultural Insurance Institute, told Pa-digital.com.pa that "they have approved bails up to $1.700.000 for growers from diverse sectors".

Panama: $ 13 billion Budget for 2011

November 2010

The President enacted the law approving the State Budget for fiscal year 2011.

The budget is 23% higher than the current $ 10,575 million.

EFE reports, "In the budget, 5,409.3 million will represent investments and 6,191.1 million operations, economic growth is expected at 6.5% and inflation at 3%.”

Projected Investment of $120 million in Panamanian Agriculture

September 2011

Within the Ministry of Agriculture’s investment plans for 2012 is the construction of an irrigation system in the Tonosí Valley.

$32 million have been earmarked for this project in the province of Los Santos and the preparations at the sterile fly production plant in Pacora, while the 2012 budget has increased by 35% compared to 2011.

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