Costa Rica: Changes to Coffee Renovation Plan

The coffee sector believes that guarantees required to access lines of credit are very difficult to provide.

Monday, March 7, 2011

In addition there are industry concerns about assuming more debt.

Hernando Urena, director of the National Federation of Coffee Cooperatives (Fenac-Cafe), said "...producers are asked for a real guarantees (mortgage the farm) or a fiduciary guarantee (bond by a third party)," reports Nacion.com.

The Deputy Minister of Agriculture and Livestock (MAG), Xinia Chaves, said they will review the issue of the required guarantees.

More on this topic

El Salvador Begins Coffee Plantation Renovations

July 2012

With an investment of $24 million the country has plans for reforestation and replanting at least 40 thousand acres of land in 2014.

From a press release from the Ministry of Agriculture and Livestock in El Salvador:

As part of developing the presidential program "Rescue and Development of National Coffee Culture", the Deputy Minister of Agriculture, Hugo Flores Hidalgo, accompanied by a representative from the American Institute for Cooperation on Agriculture (IICA) in El Salvador, Gerardo Escudero, and Executive Director of the Salvadoran Coffee Council, Ana Elena Escalante, participated in the delivery of coffee seedlings to farmers in the area of San Pedro Nonualco, Department of La Paz.

Credit Negotiated to Renew Coffee Plantations

July 2010

Costa Rica’s national coffee institute (Icafe) has agreed a credit line with the Ministry of Agriculture.

The program plans to renew 30% of the country’s coffee plantations over the next three years.

Edgar Rojas, Icafe sub-director, commented that the renewal program is the main focus of the institute currently, adding that, “every week we are in negotiations, meeting and reviewing details.

Costa Rica: Plan to Renovate Coffee Plantations

July 2010

The plan will see 30,000 hectares renewed over a period of three years and is due in August.

Rónald Peters, director general of Costa Rica’s national coffee institute (Icafe), highlighted the importance of the renewal program considering the 30% fall in coffee productivity due to the aging of the plantations.

Costa Rica Begins Plan to Renovate Coffee Plantations

April 2010

In the short term the country will start a plan to renew coffee plantations; it begins with the Perez Zeledón region.

“Coopeagri el General”, a local cooperative, will coordinate the program with the Coffee Institute (Icafé) and the Agriculture Ministry (MAG).

The financial aspects of the program will be managed by credit cooperative “Credecoop”, which has already agreed to lend the resources at the development banking interest rate plus one percentage point.

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