The multinational Del Monte is now joined by Cooperativa Bananera del Atlántico, whose proposal to reactivate production of the fruit in the area would involve a total investment of $35 million.
The cooperative which already produces bananas in Changuinola presented to the Association of Agricultural Producers Rodolfo Aguilar Delgado (Aparad) a proposal to invest $20 thousand per hectare in order to revive banana production in the area which is currently owned by the former workers of Coosemupar.
Del Monte could withdraw its proposal to revive production in the area if the former employees and the government do not reach an agreement soon.
The American company Del Monte could withdraw its proposal to boost bananaproduction in Baru if the former employees of Cooperativa de Servicios Múltiples de Puerto Armuelles (Coosemupar) and the Government do not soon reach an agreement to select Del Monte or Chiquita Brands for the activity.
Both Chiquita and Del Monte are participating in the auction of 3,100 acres that were part of the former grounds of the now defunt Coosemupar
Both companies are in talks with the Government and former employees of Cooperativa de Servicios Múltiples de Puerto Armuelles. A report by Ana Giselle Rosas de Vallarino, executive director of the Panamanian Autonomous Cooperative (IPACOOP) has revealed that with the money from the auction, the government will have to pay $17 million as payment of the worker-employer fee and other debts to suppliers .
In the evaluation of the bids the potential generation of jobs by the project using the land will be taken into account.
The funds acquired through the sale of the 3,500 hectares will be used to pay more than $17 million of the debt belonging to the cooperative with the Social Security Department.
Although there is no date for the auction of the land by Cooperativa de Servicios Múltiples de Puerto Armuelles (Coosemupar), the director of the Panamanian Autonomous Cooperative Ana Giselle Vallarino said that the money to be paid to the CSS corresponds to nonpayment of worker-employer quotas during the time when the Coosemupar was active.
The Panamanian Autonomous Cooperative Institute yesterday ordered the liquidation of the Savings and Credit Cooperative for Employees of the Social Security Fund, due to irregularities in its operations.
Cooperativa de Ahorro y Crédito Empleados de la Caja de Seguro Social (Coacecss), was seized in June last year, triggered by an "administrative and financial deterioration" in its handling, specifically for opening foreign accounts for excessive amounts on the entity's balance sheet.
The compensation of a hectare of land for each of the former Coosemupar banana workers has opened up a brilliant business opportunity for a Panamanian businessman.
An article in Prensa.com reports on the effects generated by the solution given by the government of Panama to the conflict caused by the disappearance of the failed Multiple Services Cooperative of Puerto Armuelles (Coosemupar), heir to the Chiquita Land Company.
The Land Authority of Panama is evaluating the auction of 3,200 hectares of land in the area of Baru.
"The 5.600 hectares that belonged to the Multiple Services Cooperative of Puerto Armuelles, R. L. (Coosemupar) will be divided between 2.400 former employees of the cooperative, while the possibility of auctioning or selling the remaining 3,200 hectares is assessed", reported Laestrella.com.pa.
The Autonomous Cooperative Institute has announced that in 2012 to mark the International Year of Cooperatives, the country will host the Second Summit of the Americas Cooperative.
Government authorities have announced the sale of 5,600 hectares of banana plantations in Baru to a consortium of Panamanian investors.
Without disclosing the company concerned, the Minister of Agricultural Development, Emilio Kieswetter said that they are involved in cultivating banana, pineapple and citrus fruit and palm oil.
The cooperative legal structure is becoming increasingly important in the country, especially in the multi-service and credit unions format.
According to statistics from the Panamanian Autonomous Cooperative Institute (IPACOOP), the country has 521 cooperatives, which manage a total of $ 1.4 billion.
Russian-owned JFC Group has presented a proposal to resume operations at Coosemupar’s plantations.
The three-year investment plan in the Puerto Armuelles cooperative (Coosemupar) located on Panama's Pacific Coast will look to renew the plantations, develop new irrigation and improve packing systems.
Officials from the Panamanian government are negotiating with Del Monte, Fyfess and Dole, in order to created a mixed, private-public company.
The government’s delegation includes Leroy Sheaffer, from the Agriculture Ministry; Roberto Santamaría, National Banana Director, and two delegates from the National Bank of Panamá.
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