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Weekly Roundups

Government Support for Producers Accelerated

By Jan Hogewoning | Wed, 04/08/2020 - 15:58

The biggest news of this week was López Obrador’s announcement to add another 200,000 locations to the Sembrando Vida program. While this is a massive push toward employment opportunities, the program is not without critics. To understand the risks associated with a program like this, we can go back in time to analyze the results of similar programs.

The move is part of the economic recovery plan to counter the economic crisis announced this Sunday. It will use public investment to create jobs and grant credits to small family businesses. The president has said this could generate 2 million jobs in the next nine months.

 

Ready for more? Here are the week’s biggest headlines:

 

COVID-19 Contingency

The Ministry of Agriculture has sped up the processing of food shipments through remote communication methods.

The government is advancing financial incentives and support for fishermen and fish farmers. The National Aquaculture and Fisheries Commission (CONAPESCA) will distribute, through the Bienpesca program, US$57.3 million to 193,200 fishermen and fish farmers.

The agriculture producer support program will continue and will be accelerated. Up to this date it has provided support to 511,000 with a total of US$82.1 million.

Mexican tequila-makers are dispelling concerns that exports to the US will come to a halt, after Heineken and Grupo Modelo decided to stop production and distribution of beverages last week.

The government has met with several representatives of the corn industry to ensure action is taken to stop speculation and inflation of corn prices.

Consumption of fish and shellfish fell by 80 percent in the Veracruz-Boca del Rio metropolitan area as a result of the social distancing measures recommended by health authorities.

 

Science & Technology

The Minister of Agriculture, Victor Villalobos, participated in a virtual meeting with representatives of the International Center for the Improvement of Maize and Wheat (CIMMYT). The Minister promoted a new phase of collaboration between the National Institute for Research in Forestry, Agriculture and Fishery (INIFAP) and the international research center.

 

Other

Constellation Brands has announced it has sufficient capacity to continue supplying the US market in the medium term despite recently being forced to stop operations.

 

The data used in this article was sourced from:  
Mexicobusiness.news, InfoRural, AgroNoticias, SADER, Reuters
Photo by:   Pixabay
Jan Hogewoning Jan Hogewoning Journalist and Industry Analyst