In the department of Estelí, the main producing area, the price of land has risen, driven by increasing demand for areas in which to grow tobacco plants.
In 2013 cigar exports generated revenues in excess of $200 million and production achieved a 18% growth compared to the previous year, reflecting the good performance of the tobacco industry in the country.
In Nicaragua peanuts, sugar cane and tobacco have been held up as examples of how productivity can be increased in agriculture.
In 2006 one hectare of sugar cane in Nicaragua produced 66 tons, and five years later, in 2011, it produced 89 tons. Improvements in the use of technology and the search for the most suitable varieties of canes are part of the strategies that have enabled the industry to achieve outstanding levels of performance when compared with other countries in the region.
A production of 3 million quintals of peanuts will be the result of the harvest that began in November and ends in early January 2012.
The 15% increase compared to the previous harvest is the result of an improvement in the performance of the planted area, as acreage has not been extended, said the producer Mauricio Zacharias.
"These figures exceed the expectations raised by the Government in the National Agricultural Production Plan for the cycle 2011-2012, which projected a one percent reduction in the yield of peanuts in relation to the previous cycle.