Increase financing for agribusiness in Jalisco

Guadalajara, Jal. Despite the global economic crisis generated by the Covid-19 pandemic, the Jalisco agri-food sector has maintained national growth and leadership, so the state office of FIRA (Trusts Instituted in Relation to Agriculture) plans to place 24.9 billion pesos in financing for the sector this year.

Of that total, at the close of the first half of November, 22.5 billion pesos have been placed, while last year at the same time, 21 billion pesos were placed.

“We are in all sectors and where the activity is moving; we are very strong in avocado (crops), berries (…) in corn, Jalisco is the most productive state in rainfed corn, we also bring schemes with producers of agave and we are also serving the (tequila) industry, “he told The Economist FIRA State Resident, Enrique Trejo.

He stressed that in addition to financing the primary sector, agribusiness and marketing, the institution has given a special boost to the development of suppliers and service providers in order to boost the entire production chain.

We are interested in making the agri-food activity the most competitive, that it continues to grow. As an institution, as a second-tier bank, we are fulfilling the objective of financial inclusion and we have managed to get private banking to awaken interest in the placement of financing in the agri-food sector, ”said Trejo Torres.

Productive region

Of the total highway FAIR This 2021, until last August, the Western Region –conformed by the states of Jalisco, Guanajuato, Michoacán, Querétaro, San Luis Potosí, Aguascalientes, Nayarit, Zacatecas and Colima–, had captured 73.025 million pesos; that is, 32.8% of the total.

Of the nine entities that make up the region, four report a financial penetration index of credit to the primary sector that is higher than the national average. These are the states of Querétaro, Guanajuato, San Luis Potosí and Colima.

According to FIRA data, in the Western region agricultural networks total 20.6 million hectares, of which corn and pastures are the crops with the largest planted area (7.5 and 2.5 million hectares, respectively).

Regarding livestock networks, the institution specializes in six species with their respective products and derivatives. In 2020, the production volume amounted to 14.3 million tons. The species with the greatest impact were cattle production with 49.2% and poultry with 39.4% of the total.

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