$17 Million for Guatemalan Coffee Growers

The Financial Assistance Trust for the coffee sector will be restructured, focusing the funds on small and medium producers.

Wednesday, May 27, 2009

The $100 million “Financial Support for Guatemalan Coffee Producers” Trust, established during the 2001 coffee crisis, will be modified to provide $17 million for small and medium producers.

According to Prensalibre.com, Agriculture Minister Mario Aldana said that "Q140 million ($17 million USD) will be designated, financed with the money that has been recovered through the payments made by the beneficiaries of this mechanism."

The term of the trust established in the Rural Development Bank (Banrural) is 15 years and runs until 2016.

More on this topic

$ 41 Million for Honduran Farmers

April 2011

Funding will be available for basic grains producers.

The Honduran government announced a series of measures to support the agricultural sector, including access to funding of over $ 40 million.

These resources will, among other things, give farmers the ability to implement technological advances which could improve planting results.

Honduras: $10 Million for Agricultural Projects

September 2010

Provided by the International Agricultural Development (IADF), the funds are earmarked for small farmers from the country’s south.

Jacobo Regalado, Agriculture Ministry, explained that the money is aimed to assist small farmers from Choluteca, Valle and El Paraíso, who may also receive the resources as micro-loans.

Nicaragua: $50 Million Deficit in Agricultural Financing

March 2009

The Nicaraguan agricultural sector faces a funding shortfall of $50 million for the current production cycle.

The Minister of Agriculture and Forestry, Ariel Bucardo, in an interview with La Prensa of Nicaragua, said that the total funding required for the three agricultural cycles is $400 million, and added that "we still do not know how much funding is available."

Costa Rica will spend 14 million USD to stimulate grain production

May 2008

The government of Costa Rica announced an emergency plan to spend 14 million dollars to reactivate cultivation of basic grains in the short term.

The initiative will encourage production of beans, rice, and white corn, which are basic to the Costa Rican diet. The idea is to blunt the effects of a possible worldwide food shortage, which has been predicted by some international organizations.

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