Honduras launches plan to combat food price rises

Honduras launched a $119 million plan on Tuesday to ramp up agricultural output this year to mitigate rising food prices in the impoverished Central American nation. Agriculture Minister Hector Hernandez said Honduras aims to increase annual corn production by almost a third to up to 23 million 100-pound (46-kg) bags this year, compared to 2007.

Tuesday, April 15, 2008

The government also hopes to lift bean production slightly to 2 million 100-pound bags in 2008.
The government aims to give soft loans to farmers to increase production and subsidize farm insurance payments, help with fertilizers and build more food warehouses.

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