Del Monte has replaced Chiquita in the attempt to revive banana production in the 1,765 acres owned by the cooperative of former employees, in Chiriqui.
Previous negotiations were suspended earlier this year when the sale was announced of Chiquita Brands to the Brazilian consortium Cutrale-Safra, who requested an extension of the deadline for negotiations until next December.However, the company Del Monte has also shown interest in reviving the bananalands, and will be reviewing and updating its proposal for presentation at the next meeting to be convened in eight days.
In the department of Estelí, the main producing area, the price of land has risen, driven by increasing demand for areas in which to grow tobacco plants.
In 2013 cigarexports generated revenues in excess of $200 million and production achieved a 18% growth compared to the previous year, reflecting the good performance of the tobacco industry in the country. Nestor Plasencia, industry entrepreneur and president of the Association of producers of Nicaraguan cigar makers, said that "... more than 90% (of domestic production) comes from the department of Estelí."
The demand for land for crops and property development has raised prices in most productive areas.
In cities such as Estelí, Matagalpa and Chinandega, the economic boom has driven up the price of land for farming and for building residential and commercial properties. According to Ricardo Melendez, chief of the Chamber of Builders, one square yard is trading at up to $300 in those cities.
In the last three years 40,000 hectares have been added to the activity, considered the most profitable in the country's agricultural sector.
The chief of the Ministry of Agriculture and Livestock (SAG), Jacobo Regalado, explained that three years ago there were 105,000 hectares of plantations and that 2013 could close with over 160,000 hectares. He added that the processing capacity has also increased, by 33%, which has generated $50 million in additional annual export earnings, with 2012 closing with a total of $304 million.
A study on soils and capacity for land use in Solola identifies the potential, both in agriculture and agroforestry, in various zones, in order to achieve optimal production capacity.
According to Miguel Duro, director of the Department of Geographic Information and Strategic Risk Management at the Maga (Digegr), in charge of the Semi-detailed Soil Survey and Land use Capacity 1:50 k scale, both exporters and local producers will benefit from the report.
The amount of areas planted with rice is lower than last year, while corn has grown, generating storage problems.
Capital.com reports that for rice "Over the past year 1.3 million quintals had to be imported and now we have to wait until the end of the harvest in order to determine the amount that will be needed to be brought in from abroad, which is assumed will be greater. "
The compensation of a hectare of land for each of the former Coosemupar banana workers has opened up a brilliant business opportunity for a Panamanian businessman.
An article in Prensa.com reports on the effects generated by the solution given by the government of Panama to the conflict caused by the disappearance of the failed Multiple Services Cooperative of Puerto Armuelles (Coosemupar), heir to the Chiquita Land Company.
Producers are taking out loans in order to expand plantations and production of palm oil in Chiriqui.
The Corozo and Palmetto Cooperative (Copal), Baru district, province of Chiriqui, which owns about 1,250 acres, has obtained a loan of close to one million dollars in order to finance part of the extension of cultivated land.
The Compensation Fund for Cooperative Interests, which supplies the Panamanian Autonomous Cooperative Institute and the Agricultural Development Bank, has provided the funds.
Traditional pineapple growing regions have become saturated by rapid crop expansion.
Costa Rica currently has 40,000 net hectares used for growing pineapple, located in the north and Atlantic regions of the country.
Abel Chaves, president of the Costa Rican Pineapple Growers and Exporters Association (Canapep), indicated that it is unlikely that the sector will continue to grow at the same rate it has managed until now, suggesting that production may already have reached its peak.
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As part of the Agritrade Platform, Guatemala will participate for the 27th time in PMA Fresh Summit, the most important international trade show and convention of fruits and vegetables in the United States, which will take place at Anaheim Convention Center, California from October 17th to 19th.
Agro2 is committed to producing ethanol from cassava and food products for domestic consumption and export through the use of sustainable agriculture practices while serving as a model of agricultural production in the highly degraded Veraguas region of the Republic of Panama.
Operates in Panama
Phone: (507) 3949100
The Farmer Training and Development Program (EDA - Entrenamiento y Desarrollo de Agricultores), aims to increase the productivity, market access and business skills of small- and medium-sized farmers and their employees through technical assistance in the production and marketing of high-value horticultural crops.
Operates in Honduras
Phone: (504) 501 0375 - (504) 9996 9259