Nicaraguan Livestock Projected to Grow by 8%

The reasons for this optimism are the high international prices of meat and the decision by the United States and Argentina to dedicate land that was used for livestock to plant grain instead.

However, there are still complaints about a lack of adequate funding.

"The president of the Federation of Livestock Association of Nicaragua (FAGANIC), Solon Guerrero says that the lack of funding and resources for long-term investments is still the main obstacle to be overcome," according to an article on La Prensa in its online edition.

Source: laprensa.com.ni

More on this topic

Nicaragua to Sell 50.000 Heifers to Mexico

November 2010

Sukarne has invested $ 10 million in facilities in the country for cattle fattening and their subsequent export.

Solon Guerrero, president of the Federation of Livestock Producers of Nicaragua (Faganic), noted plans to export 20.000 animals in 2011 and 30.000 in 2012.

"The national herd is estimated at more than five million animals. Nicaragua has also begun to export beef to Russia," reported El Universal.

Cattle Farmers Encourage Construction of Slaughterhouse in Nicaragua

April 2011

An initial capital injection of $4 million by cattle farming associations is hoped to be enough to enable work to begin immediately.

Nicaraguan businesses are seriously considering investing in the project that will be capable of receiving 450 beef carcasses every day, to reduce pressure on existing slaughter houses.

Growth for Nicaragua's livestock sector forecasted

August 2008

The livestock sector projected that it will close 2008 with $280 million in exports.

Representatives from the National Livestock Commission of Nicaragua (Conagan) and from the Federation of Livestock Associations of Nicaragua (Faganic) had a meeting yesterday with the head of the Ministry of Agriculture and Forestry (Magfor), Ariel Bucardo, to whom they expressed the "urgent need" for the Government to fulfill several demands presented by the farmers.

Calves Wanted for Fattening

February 2012

Nicaragua is looking to buy male cattle for fattening in Panama, as it has a marketplace for the meat, but lacks the necessary animals.

Nicaragua is interested in Panama exporting bull calves for fattening, said the Minister of Agriculture, Oscar Osorio.

The Nicaraguan Agriculture Minister Ariel Bucardo, informed his Panamanian counterpart of this interest during a recent meeting of Agriculture Ministers of Central America and the Caribbean, which took place in Nicaragua, reports Prensa.com.