In the wholesale distribution business of agricultural machinery and equipment in Costa Rica, it is estimated that Agrosuperior, Saturnia and Disagro, together account for about 50% of the market share.
Data from the report "Company's Corporate System", complied by the Business Intelligence Unit at CentralAmericaData, provides details on company information based on sector, main activity, imports, exports, contracts granted by the government and other data.
The Comptroller General of Panama has approved a contract to finance the first part of the Agricultural Master Plan in the Western Region, whose funds will be invested in the next two years.
The plan, which in its first stage will be executed in seven components, consists of the improvement of productive infrastructure, acquisition of equipment and supplies and management of the water resource.
With a loan from the Andean Development Corporation, part of the master plan for agriculture in the Western region will be financed, which consists of the improvement of productive infrastructure, acquisition of equipment and supplies and management of water resources.
The program comprises seven components in its first stage: research, extension and technical assistance; associativity and entrepreneurship; agricultural health and food safety; metrology and laboratories; water management and water harvesting; productive infrastructure, equipment and supplies; institutional development for the execution of PMARO.
Grupo Duwest has announced the acquisition of Cafesa, a company that traded agricultural products and machinery, which until now belonged to Yara International.
Both Duwest and Cafesa are engaged in the marketing of agricultural products and machinery in Central America.Raimundo Rojas, CEO of Duwest, confirmed to Nacion.com that"...
Businessmen and importers of agricultural machinery argue that the payment of sales tax increases costs and reduces competitiveness of their production.
Imports of capital goods in the agriculture sector dropped from $57 to $54 million between 2014 and 2015, according to central bank data published by Laprensa.hn. The union of importers and the agricultural producers themselves say the cost has risen since the Law on Organising Public Finance, Control of Exemptions and Anti-Evasion Measures came into effect, a law which eliminated tax exemptions which had been granted to the agricultural sector for years.
Producers are complaining about a lack of agility and excessive paperwork in the process to request tax exemptions for the purchase of equipment and farm machinery.
Agricultural producers argue that they can not easily access the exemptions for the purchase of equipment which is established in the recently passed Tax Act. Although it has been stated that within three months the necessary reforms will be made for the exemptions to given on products and not producers, the current requirements are delaying procedures and access to the incentive on the part of the producers.
The government has announced the purchase of livestock feed and other agricultural materials, construction of wells and reservoirs, and the purchase and rental of machinery.
From a statement issued by the Presidency of the Republic of Costa Rica:
The government of the Republic will invest $29 million from the National Emergency Fund and from regular resources from various public institutions, in order to address the damages generated by the drought in some cantons in the Central Pacific and throughout the province of Guanacaste.
A request has been made for the exemptions for the purchase of supplies to be maintained and the government is being asked to consider coverage for losses caused caused by prices that are set in other countries.
The president of the National Chamber of Agriculture and Agribusiness, Juan Rafael Lizano said in an article on Crhoy.com that "... Costa Rica needs to learn from other business partners and see the benefits that have been obtained for other countries with the New U.S. Farm Bill which created two programs, one for loss coverage due to prices and coverage for other income (yields and prices). "
The Outlook for Agriculture and Rural Development in the Americas: A perspective on Latin America and the Caribbean 2011-2012.
ECLAC, FAO and IICA press release:
San Jose, Costa Rica, October 21 (ECLAC/FAO/IICA). Despite the current context of volatility and high food prices, in the long term, the agricultural sector in Latin America and the Caribbean (LAC) will be able to take advantage of the opportunities afforded by having available land - albeit concentrated in a few countries- a relative abundance of water, biodiversity and well-educated human resources.
The Outlook for Agriculture and Rural Development in the Americas: A perspective on Latin America and the Caribbean 2011-2012.
ECLAC, FAO and IICA press release:
San Jose, Costa Rica, October 21 (ECLAC/FAO/IICA). Despite the current context of volatility and high food prices, in the long term, the agricultural sector in Latin America and the Caribbean (LAC) will be able to take advantage of the opportunities afforded by having available land - albeit concentrated in a few countries- a relative abundance of water, biodiversity and well-educated human resources.