Given the exhortation made by the National Financial for Agricultural, Rural, Forestry and Fisheries Development so that corn producers in Sinaloa can start as soon as possible with the acquisition of coverage, the State Government announced that the financial mechanism that It will allow farmers to access the credit instrument for the purchase of coverage, which means risk management insurance and guarantees a profitable price for the producer.
This was made known during the signing of the coordination agreement for the granting of credits and technical advice that Governor Rubén Rocha Moya signed with the general director of the National Development Finance, Baldemar Hernández Márquez, in the presence of agricultural producers of the agricultural sector. , livestock, aquaculture and fishing convened at the Hall of Governors of the Government Palace.
The president stressed that for Sinaloa what is agriculture, livestock and fishing is essential, and any instrument that seeks to provide facilities to producers, from all areas, such as financial, technological and commercial, is welcome, as in the case of this agreement signed with Financiera Nacional.
As for the mechanism for the purchase of coverage for corn in the fall-winter 21/22 cycle, it has already been defined and consists of Financiera Nacional granting a credit to producers for 90 percent of the cost of the coverage, while the remaining 10 percent will be provided by the State Government through liquid guarantees.
Another agreement is that unlike previous years, producers who are in the Credit Bureau will also be able to access this credit program, something that did not happen in the past.
The window for the purchase of coverage begins on March 24, but the governor’s proposal is that it can be brought forward to provide greater certainty regarding the price of corn, taking into account the ups and downs of the international market that has been affected by the war conflict between Russia and Ukraine.
The welcome was given by the Secretary of Agriculture and Livestock, José Jaime Montes Salas, who affirmed that this coordination agreement symbolizes the recognition of Financiera Nacional towards the producers of Sinaloa, who make up one of the groups with the highest rate of fulfillment of their commitments. , since cycle after cycle this institution recovers more than 95 percent of the credits granted in the state.
In addition, he highlighted that producers from marginalized communities who once had difficulty accessing financial resources, can now obtain these credits, which represents inclusive financing for all producers, creating a level playing field to link the business sectors of the field. and to small-scale producers.
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