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Colombia : Minstro de Agricultura launches "Grano a Grano" credit line to finance the purchase of inputs and lower production costs for coffee growers

Oct 09, 2018 (Euclid Infotech Ltd via COMTEX) --

In addition to the $ 100,000 million provided by the National Government for coffee growers to overcome the price situation, the Minister of Agriculture and Rural Development, Andrs Valencia Pinz, presented the " G rano a G rano" credit line for cooperatives.

According to the head of the agropastoral portfolio, "the idea is that cooperatives, through this line of credit, bring important quantities of agricultural inputs at a lower price, thereby benefiting coffee farmers with a lower cost of production and the aid is also transferred to other producers of Colombian agriculture."

In this sense, the Minister Valencia Pinzn explained that in this rotating line they normally have to make the amortizations quarterly. However, "the idea is that in this case they are made annually".

It is worth noting that the coffee sector is one of the most contributing to the agricultural economy, with a 12% share in the sectoral Gross Domestic Product (GDP). In addition, 540,000 families that have been accompanied by the National Government depend on the situation of international prices, which have led to a decrease in the value of the national load.

Finally, the head of the agricultural portfolio stressed that on Monday, the Banco Agrario, Francisco Meja, began a campaign with coffee farmers' cooperatives to begin the promotion of this line grain by grain.

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