Honduras: $5.3 Million for Bean Harvest

The Agricultural Development Bank informed it has $5.3 million in loans for bean cultivation.

Tuesday, August 4, 2009

Céleo Osorio, Banadesa president, remarked that bean producers can immediately request their credits for the current harvest season.

In its web site, La Prensa reports statements by the bank's president: "We estimate we can achieve 80.000 blocks of bean production in the country".

More on this topic

Honduras Estimates Bean Production at 2.5 Million Quintals

April 2011

The Agriculture Ministry seeks to assure domestic bean supply, by sowing some 100.000 hectares per year.

A number of state and private banks opened credit lines for $53 million to assist small and medium farmers.

Additionally, $2 million from the Millenium Account will be earmarked for red bean production, explained Jacobo Regalado, Agriculture Minister.

Nicaragua Predicts Good Bean Harvest

July 2011

The Ministry of Agriculture and Forestry is projecting a first harvest of 1.5 million quintals of the staple grain.

A production amount which, in the opinion of Agriculture and Forestry Minister, Ariel Bucardo Rocha, will affect the decline in bean prices.

"We are on the verge of harvesting the bean crop, we have planted over 100,000 acres of beans, especially red beans," said the representative.

Salvadoran Farmers Predict Bean Shortage

August 2011

Despite forecasts by the Ministry of Agriculture, the union has warned that the harvest scheduled for later this year will be insufficient.

Oscar Albanez, president of the Agricultural Suppliers Association (APA), told the press that "the Ministry of Agriculture and Livestock (MAG) has said that bean production will amount to 2.6 million quintals and our forecast is around 1.9 million."

Bean Production Up 30% in Nicaragua

November 2011

Contrary to expectations, the bad weather that affected the harvest has not negatively impacted the production of beans.

Bean production in the period September-November grew by 30% compared to the previous reporting period May-September.

Increased production has enabled producers to increase exports, which amounted to 120 thousand quintals in the aforementioned period, according to the Association of Producers and Exporters of Nicaragua, APEN.

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