As part of the reform to the tax concentration law cooperatives are calling for the elimination of the retention of 1% per month on their gross income and for a special tax rule to be created.
The Concertación Tax Act indicates that cooperatives are free to pay income tax if their gross annual incomes are less than or equal to $1.5 million. However, this same law also states that 1% must be retained per month in advance even if the stated income level is not reached.
One million hectares could be devoted to the cultivation of bamboo, a measure being analyzed by specialists from Taiwan, with a view to installing plants for industrialization.
Nicaragua's potential for producing bamboo is being evaluated by a Taiwanese mission, headed by the Ambassador of China, Ingrid Hsing.
In the case of beans, the goal was to plant 110 thousand hectares, but 112,000 were planted. In corn, the number of hectares increased from 304,000 to 315,000.
From a press release from the Ministry of Agriculture and Forestry:
Production expectations in both beans and corn, are excellent assured the Minister of Agriculture and Forestry, Ariel Bucardo, during a meeting of the Bean Council, involving producers, exporters and government officials.
Nicaragua will continue to export meat and milk to Venezuela, under the same conditions with which they initiated, until a new purchase contract is negotiated.
From a press release of the Nicaraguan Ministry of Agriculture and Forestry:
Representatives from dairy farmers in Nicaragua and milk processors have agreed to increase collection to keep prices stable.
In order to gain more stability in prices, milk producers and processors have decided to increase the collection of milk from 10% to 20% in light of the crisis caused by low prices paid by informal plants.
Nicaragua has been classed as a "country with controlled risk" for bovine spongiform encephalopathy, more commonly known as 'mad cow disease'.
The announcement was made by the head of the Ministry of Agriculture and Forestry, Ariel Bucardo, at a recent meeting with 300 farmers in the department of Chontales, announced the government through its publication El Pueblo Presidente.
Although Nicaragua has eliminated barriers to exports, producers want a quota of 500,000 quintals of beans for export, instead of the 200,000 quintals currently allowed.
Barriers to the exports of beans were removed for producers in Nicaragua, however, a quota of 200,000 quintals for export is still limiting the potential.
The Ministry of Commerce has authorized the importation of 68 million pounds of onions and 58 million pounds of potatoes from Costa Rica and the Netherlands.
In order to supply local consumption for a month authorization has been given for 10 million pounds of onions from Costa Rica and 58,000 quintals of both potato and onion from the Netherlands , said Orlando Solorzano, Minister of Development, Industry and Trade (MIFIC in Spansih).
The national agricultural program will prioritize the funding of small producers dedicated to farming basic mass consumption grains.
Initially the government intended for private banks to finance, via the program, all micro producers, but in the face of the banks mistrust of the system of legal guarantees, only producers of basic grains have been prioritised.
The Nicaraguan livestock sector is beginning to feel limited by the lack of industrial processing plants.
Although the industry has had a remarkable boom, with earnings for all sectors involved and a projected growth of 10% for 2011, competition between producers, manufacturers and exporters is worsening.
The agricultural ministry announced that there is no reason to remove the additional requirements for the export of beans deployed in October 2010.
The National Dry Bean Commission and the Association of Producers and Exporters of Nicaragua have reported these non-tariff barriers, arguing that they are unjustified and are causing serious economic losses to processors and marketers, who have been forced to cancel contracts with international buyers.
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