Costa Rica: $10 Million for Cattle Ranchers

Through an interest rate subsidy, small and medium producers who apply will only have to pay the basic passive rate.

Wednesday, May 27, 2009

The Ministry of Agriculture and Livestock (MAG) and the Livestock Development Corporation (COFORGA) will subsidize, with half a million dollars, the four points over the basic passive rate that are charged for development loans. In this way, small and medium producers who enter the program will pay only the basic passive rate (currently 11.25% annually).

According to Nacion.com, "the objective of this loan scheme is to enable farmers to keep young animals in their farm and not slaughter or sell them. At this time, because of the low livestock prices, a great quantity of adult animals is being removed in order to produce more income, and there is a great chance that calves may be sold."

For 18 months, the price of beef has decreased to the point where it is now half the regular price.

More on this topic

Costa Rica: Productivity in the Livestock Sector

September 2016

Increasing the percentage of deliveries and optimizing the use of fodder will help raise productivity and improve conditions for competing with other export markets.

A pilot plan which is being promoted by the Livestock Corporation (CORFOGA) and which is already being implemented in 93 producing farms aims to improve productivity in cattle breeding and milk in the country.

Costa Rica: Livestock Productivity

December 2015

A study by the Central American Academy has concluded that there are market distortions that explain the low productivity of the sector compared with other producing countries.

Summary and conclusions of "Policies for productive development study. Experiences in the case of bananas and cattle "

Central America Splits EU Beef Quota in Equal Parts

July 2010

Central America’s beef industry has distributed the quota of meat that can be sent tariff-free to the European Union equally among all countries.

The Central American Federation of the Beef Industry, meeting in Guatemala, established that each country will be allowed to ship 1,583 tons per year.

Venezuela Interested in Costa Rican Meat

November 2009

A delegation of Venezuelan businessmen is in Costa Rica negotiating conditions to buy meat.

This process started several months ago. Three weeks ago, Venezuelan health officials inspected three slaughterhouses.

Mazzero, president of Corfoga, an association fostering livestock breeding, told Nacion.com: "Our ambassador in Venezuela, Vladimir de la Cruz, expressed that the Venezuelans come here to buy our excess production".

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