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$140 million for coffee kick-start in Costa Rica

Friday, August 13, 2010


The government of Costa Rica will invest $140 million on renovation of 30,000 hectares of coffee that need to be brought up to international standards after 20 years of production.
 
The spending will benefit 50,000 coffee farmers. The credits they receive aim to raise output by 25 percent.
 
“If international coffee prices are sustained, the plan will provide Costa Rica with $100 million a year,” said the president, Laura Chinchilla.
 
Original source (in Spanish): Associated Press