The head of the Colombian Ministry of Finance reported that " ... a consignment of 39 billion pesos ($13.8 million) was approved for the renovation of coffee plantations. 150 pesos ($0.05) will be paid for each renewed tree, either by sowing or offshoots, resources that will be enough for the renewal of 253 million trees; that means 50 thousand hectares that can be renewed."

See "Coffee market figures - September 2017"

From a statement issued by the Ministry of Finance: 

Bogota, May 16, 2018 - Colombian coffee growers have at their disposal resources of 39 billion pesos for the renovation of coffee plantations (at a rate of 150 pesos per renewed tree), announced the Minister of Finance, Mauricio Cárdenas, today at the end of a session of the National Committee of Coffee Growers.
 
"A consignment of 39 billion pesos was approved for the renovation of coffee plantations. 150 pesos will be paid for each renewed tree, either by planting or offshoots, resources that will be enough for the renewal of 253 million trees; that means 50 thousand hectares that can be renewed," said Cárdenas Santamaría.

Read full release (in Spanish).

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Coffee Sector: Requests to the New Government

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Producers in El Salvador asked President-elect Nayib Bukele to manage financing for the renovation of the farm, create a research center and protect the sector by regulating imports.

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