The English company Private Equity Hugh Latam will invest $50 million in Ecuadorian agriculture with the aim of giving producers access to low-cost agricultural inputs.
Among the inputs that the company will bring to the country is a first shipment of 15,000 tons of urea, which will arrive in the next 30 days and will be marketed among Ecuadorian farmers at 25% less than the current market cost.
The company was presented by the Minister of Agriculture and Livestock, Pedro Álava, who pointed out that the firm has experience in Colombia and Panama, and that it arrives in Ecuador to, in a first stage, invest in fertilizers and agricultural fertilizers, training for farmers and access to financing in order to improve the yield of their crops.
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Álava highlighted as another of the benefits the financing that producers will receive for the acquisition of the inputs they require with the sole commitment of paying for them when they sell their crops.
“That has never been seen in this country,” stressed the minister, who was accompanied by the deputy ministers of Rural Development, Luis Muñoz, and of Productive Agricultural Development, Enrique Manzo, and the advisor for International Affairs, Yomira Paz.
Source: Eluniverso
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