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.
Spain will provide funds for increasing basic grain production in Panama.
The money will be used to boost rice, beans and corn production.
Victor Pérez, agricultural development minister, told Pa-digital.com.pa: "The Food and Agriculture Organization will install its Central American offices in Panama. This means they will store in Panama all the seeds that will be distributed in Central America".
Faced with a reduction in crops, the Agriculture Ministry is negotiating a loan with BCIE.
$40 million would be used for planting basic grains and the remaining $10 would be used in financial support for growers.
"With the same purpose, the Institute of Science and Agriculture Technology (ICTA), will launch an improved corn seed, its main feature being that it contains 90% of the nutrients of cow milk", reports Sigloxxi.com.
METAGRO is a Guatemalan based manufacturer that provides high end solutions of agricultural transport equipment, we are focused on helping customers be more productive as they help to improve the quality of life for people around the world.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
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