National Development Plan 2022–2026 “Colombia, World Power of Life”

Project that strengthens sustainable agricultural production systems by implementing agroforestry systems on coffee farms in Colombia, in order to reduce pressure on natural forests and close the agricultural frontier, and to support farmers in obtaining additional income from the sale of coffee products.

Colombia's Ministry of Agriculture and Rural Development is implementing a special line of credit to finance sustainable projects on 38,000 hectares through agroforestry and agroforestry systems. The initiative is part of the “Produce by Conserving and Conserve by Producing” policy and is aligned with Conpes 4021 to control deforestation. It establishes a differentiated interest rate subsidy according to the type of producer, with terms of up to seven years and a two-year grace period. The program includes economic and financial training for 5,000 people and 50 training leaders in priority municipalities with high deforestation.

Rural Tranquility Insurance was designed by Seguros Bolívar to protect agricultural producers against excessive rain or drought that affect their productivity and income. This is parametric insurance with cutting-edge technology, which remotely obtains historical and satellite information in real time to evaluate weather conditions and determine compensation payment. More than 14,400 producers will benefit from Rural Tranquility Insurance, which is equivalent to an amount of more than $12.7 billion in Agricultural Insurance Incentives. 81% of beneficiary farmers are small, low-income producers. This allows them to protect investments worth more than $94,000 million pesos in crops such as coffee, cocoa, papaya, corn, banana, rice, avocado, sugarcane, among others. To pay for these policies FINAGRO will contribute between 80% and 95% of the premium value and Davivienda will assume the non-subsidized part of the premium plus VAT.