U.S. Farm Credit Administration officials are on the island week to take a look at the agriculture industry and hold a series of meetings with Puerto Rico government officials to discuss the state of policies and lending programs that impact local farmers and producers. The visit is the result of a joint effort between the Agriculture Department and the Puerto Rico Federal Affairs Administration, the agencies announced Wednesday.
Agriculture Secretary Javier Rivera-Aquino has set off an agressive strategic plan to convince private banks, which for years have shied away from the volatile sector, to invest in farming activity and new projects.
Farmers grouped under the Puerto Rico Farm Bureau’s dairy sector could be forced to dump some 7 million quarts of raw milk at the farm level due to the inaction of the government agencies regulating the industry, which has left them with a surplus in production, trade group leaders said Friday.
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