The Puerto Rico Department of Agriculture will be signing agreements with 24 farmers in the Arecibo region to assign funding that will generate $676,132 in economic activity, agency officials said.
Through its Investments Program, the agency is able to award direct benefits to farmers, providing incentives of half of their investments up to $250,000 per applicant.
“With the signing of these agreements we intend to boost agricultural development in the dairy, fruit, fodder, ornamental, pork and coffee industries to continue to revitalize the agricultural industry into a strong and prosperous one,” said Agriculture Secretary Myrna Comas.
The agency will sign the agreements during a meeting in Hatillo this week.
Agriculture’s Investment and Infrastructure Program benefit hundreds of farmers across the island, and enables farmers to make the necessary improvements to their projects and are generate jobs, she said.
The government’s contribution has to be used for new investments including: buying machinery and equipment, agricultural infrastructure, land improvements, irrigation systems, and renewable energy systems, among others.