Nicaragua: Cattle Farmers Request Financing

The little bit of available credit comes from micro financers that charge very high interest rates for the current profitability levels in the industry.

Friday, June 26, 2009

The dairy industry is most in need of a financial system to support its development.

As requests were made for better access to credit, producers added to their protest because of the increase of the supply of meat and dairy products made from soy.

Cristhian Marenco writes in his article for Elnuevodiario.com.ni, “the deputy for the FSLN, Douglas Alemán, said that through an initiative of the Law to Strengthen the Dairy Industry and the Glass of Milk at School, which was recently approved on June 3rd, it was established that it is prohibited to use the word milk in the name of substitute products, drinks, and refreshments that don’t contain 100% natural dairy product, such as defined by the corresponding technical regulations.”

More on this topic

Non Tariff Barriers to Nicaragua Meat

July 2012

Nicaraguan farmers are complaining that, despite having made agreements, Guatemala is not allowing the entry of beef.

The president of the Federation of Ranchers of Nicaragua (Feganic), Solon Guerrero, said that Guatemala has implemented non-tariff barriers to the entry of beef.

Nicaragua to Export 12k Tons of Beef to Russia

August 2010

A Russian trade mission is in the country holding meetings with producers and getting to know the sanitary control systems.

"This will be the first time that we have had the opportunity to export beef to Russia, assuming Russian factories and companies agree," commented the head of the Nicaraguan Ministry of Forestry and Farming (Magfor), Ariel Bucardo.

Nicaraguan Breeders Short on Funding

June 2010

Development bank “Produzcamos” has $12 million available for livestock breeding loans, but it has only approved 5%.

Solomon Guerrero, from the Nicaraguan Breeders Association (Faganic), believes that the main problem is the long periods required to get a loan with the bank (almost two months).

Milk Production Drops 50% in Nicaragua

October 2009

The country's milk production has dropped to 500.000 monthly liters, 50% less than the same period of 2008, due to severe droughts.

Faganic, the Livestock Breeders Association of Nicaragua, called on the Government to implement measures to help combat the sector's crisis.

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