•Given the request made by the National Agricultural, Rural, Forestry and Fisheries Development Fund so that corn producers in Sinaloa can start acquiring coverage as soon as possible, the State Government announced that the financial mechanism has been resolved. that 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 announced during the signing of the coordination agreement for the granting of credits and technical advice signed by Governor Rubén Rocha Moya with the general director of the National Development Finance, Baldemar Hernández Márquez, in the presence of agricultural producers from the industry. agricultural, 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.
•Regarding 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 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 compliance with 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 small-scale producers.
Official Information is a service of El Economista to contribute to the dissemination of information and communications from governments, municipalities and relevant public actors for citizens.