Costa Rica: Little Interest in Renewing Coffee Plantations

In five years only 16% of the target of 16,033 hectares has been replaced with new coffee plants.

Wednesday, October 5, 2016

The subsidy on interest rates and the need to raise productivity were not enough incentives for coffee growers in the country.  The National Program for Coffee Plantation Renewal (PNRC) has only managed to achieve 16% compliance in the area in five years.  

An audit report on the program prepared by the Office of the Comptroller General of Colombia, states that in terms of credit placement goals for the program, only 18.5% had been placed at the end of 2015.

Between 2010 and 2015 a target was set of renewal of 16,033 hectares of coffee plantations nationwide, with a credit placement of $81 million (¢43,438 million).

However, only 2,571 hectares (16% of the target) were renewed and $15 million (¢8,030 million) loaned, equivalent to 18.5% of the original target.

See full report by the Comptroller General (in spanish).
 



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