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Credits and supplies of corn and rice for producers at two fairs
Posted On 16 Jan 2020
Obtaining a loan and choosing an Agro Technological Package (PATS), between 40 options for corn and 60 for rice, is the possibility that the producer will have as of the weekend.
Credits and supplies of corn and rice for producers at two fairs
The Undersecretary of Marketing of the Ministry of Agriculture , Robert Córdova , said yesterday that it is a new model, “we seek to make a transparent process where the producer will obtain credit in public banks and can decide which is the best option (of inputs) “
In order to apply to the BanEcuador loan and to the PATS, it is necessary that the beneficiary register with the Ministry of Agriculture and be qualified for CCMA credits (cocoa, coffee, corn and rice).
The financing is six months with a ceiling of $ 600 for corn with 30 hectares and $ 390 for rice with 19 hectares.
Ten private companies will be the suppliers of seeds, fertilizers and inputs that participate in the areas of rice and corn. According to Córdova, the companies passed the corresponding filter.
He also mentioned that the producer is not required to access the PATS.
“You can ask for the credit and go to a store and buy the most convenient one,” he said and added that this creates competition in the distribution chain.
This weekend two fairs will be developed for producers to apply for the loan, PATS or both.
Saturday will be at the UNA-EP silos plant in Ventanas (Los Ríos) and Sunday at the Battle of the Yellows park, in Tosagua (Manabí).
According to the Ministry of Agriculture, in these fairs the producer will have a 25% discount for agrotechnological packages.
How to obtain credit in BanEcuador?
For this there are two lines of credit. The first CCMA (cocoa, coffee, corn and rice) and the second direct credit line (corn and rice).
So what is presented? Farmers must submit the credit application folder plus the proforma of the agricultural input company.
Then BanEcuador qualifies the credit application. And, once approved, producers will have agricultural insurance (subsidy 60% of the first net).
Finally, the producer chooses the agrotechnological package, be it corn or rice.
