Between 2014 and 2015 the number of head of cattle declined by 5.2%, while pigs increased by 5.7%.
The number of cattle in the country, counted in heads, fell by 5.2% between 2014 and 2015, according to figures from the National Institute of Statistics and Census (INEC), at the Comptroller General of the Republic.
During the event business appointments will be held and exhibitions given of refrigeration equipment, agricultural machinery, power generators, irrigation pumps and vehicles, among other activities related to livestock products.
Economic activity showed an increase of 4.6% between January 2013 and January 2014, driven, among other things, by a boom in housebuilding.
Nicaragua's economy has been keeping pace with growth as reflected in the latest report by the Central Bank, in which the results of the economic activity in the last twelve months up to January 2014 have been collected.
During the first six months of 2013 193,438 cattle were slaughtered, 16,094 animals less than in the same period in 2012.
According to the National Cattlemen's Beef Association (Anagan), the decline in the livestock supply is due to the harsh dry season which affected the country earlier this year, because reserves of food and water ran out quickly. The decrease was greater in males than in females.
During 2012, loans to agriculture and fishing recorded an increase of 16.95%, reaching $1.1886 billion.
Although the agriculture and fishing sectors are less favored by the local banking system, during 2012 the amount of loans granted by the National Banking System (SBN by its initials in Spanish) increased by 16.95%, standing at $1.1886 billion, of which, according to figures from the Superintendency of Banks of Panama (SBP), 63%, or $756.2 million, were intended for livestock.
Discussion will start next Wednesday on the scope of Bill No. 342 "Establishing National Livestock Traceability".
A statement by the Legislature reads:
Subcommittee will consult with farmers
The Agricultural Subcommittee of the National Assembly, chaired by Deputy Tito Rodriguez, will meet next Wednesday to discuss the scope of Bill No. 342 "Establishing a National Livestock Traceability Program".
Challenges to the sector include possible environmental laws on water use and real estate taxes.
Based on the preliminary results of 2011, growth forecasts for this sector for 2012 are not more than 1%. Authorities from the Ministry of Agriculture and Livestock, agree with agriculture leaders and the economist and former Minister of Foreign Trade, Alberto Trejos.
Lack of livestock traceability is preventing access of meat to the European market, for which there is a quota of 9,000 tons.
The biggest challenge facing the region is to meet the health, environmental and competitiveness standards demanded by those markets, said Alexander Acosta, from the United Nations Organization for Food and Agriculture Organization (FAO).
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