Alfredo Sánchez wrote in Olganza.com: "This project will support the effective management of land in a series of micro-basins and it will encourage the participation of various groups in the rehabilitation of environmentally degraded areas.
The objective is to facilitate access to specialized financial services and provide technical and business assistance to the participants so they can access local and external markets, reported FIDA."
Besides buying red beans, black beans and rice, agreements have been made for the regulation of imports, seeking funding for the sector, and production insurance payments.
The agreement reached between producers and the Government of the country, states that the Institute of Agricultural Marketing (IMA by its initials in Spanish), will buy 50 thousand quintals of red beans at $65 per quintal, and 38,000 quintals of black beans at $45 per quintal.
The funds provided by the European Commission are aimed at boosting agricultural development and improve the food supply.
The funds, $20 million for Guatemala and $10 million for Nicaragua, are part of a total of $42 million, which also includes Bolivia.
The support will run for three years, until 2011 and “it will finance measures to improve access to agricultural production means such as fertilizers, seeds, veterinary services, micro credit, rural infrastructure, training and support for professionals," according what was reported in the Finanzas.com website.
The initiative will provide aid to small farmers in Panama, Belize, Costa Rica, El Salvador, Honduras and Guatemala.
The investment of $12 million will be used to produce 32,000 metric tonnes of seed valued at $52.7 million, according to the Panama America daily.
The UN Food and Agriculture Organization reported that it will support the increase in agricultural production by poor families in more than 20 countries in Latin America and the Caribbean, by providing better access to basic goods.
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