Coffee Growers Activate $50 Billion for Fertilization Amid Climate Risk from El Niño's Arrival
$50 billion will be invested by the FNC in fertilization to confront El Niño in the second semester. Photo: Courtesy Solidaridad
TL;DR
- The FNC is investing $50 billion to support coffee fertilization and crop renewal.
- This initiative aims to protect national coffee production from the risks associated with El Niño.
- The funding is a mix of contributions from the FNC ($40 billion) and the National Government ($10 billion).
- The program will cover fertilization in up to 421 municipalities, with government funds targeting 208 municipalities.
- Coffee growers will cover 70% of fertilization costs, with the program covering the remaining 30%.
- An additional 5% bonus for fertilizers will be provided to women and young coffee growers.
- The investment focuses on both immediate production support through fertilization and long-term structural productivity through crop renewal.