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50% Subsidy on the Commercial Cost of Urea for Farmers

Start Date: 01/07/2022
End Date: N/A

Description

National initiative implemented by Ecuador's Ministry of Agriculture and Livestock to subsidize 50% of the commercial cost of a 50-kilogram bag of urea. The government allocated USD 27 million to the subsidy, targeting more than 100,000 small and medium-sized farmers across the country's 24 provinces. Producers must be registered in the Ministry's systems and purchase the fertilizer from authorized suppliers, paying half of the price; the supplier subsequently invoices the subsidized amount to the Ministry. Urea is mainly intended for rice, maize, wheat, potato, pasture, sugar cane and fruit crops.
Go to Initiative
InvestmentFinancing

Observations

The source reports a public budget of USD 27,000,000 and a subsidy equal to 50% of the commercial cost. An estimated farmer counterpart contribution of USD 27,000,000 and an estimated total cost of USD 54,000,000 are recorded. These two amounts are arithmetic calculations derived from the reported subsidy percentage and must be validated. Ecuador uses the United States dollar, so an exchange rate of 1 USD per USD is applied. The publication is dated 20 July 2022 and states that the benefit would be available from 1 July 2022. No completion date was identified.

Iniciative Type

Plan, program or project

Action scope

National

Evaluated

No

Stage

Implementation- Ongoing

Temporalidad

Short-term

Number of Years

N/A

Related elements

Sectors:

Thematic Areas:

Countries:

Beneficiaries:

Instruments:

Resultados:

Budget in USD

Budget in USD
$27,000,000.00
Counterpart Budget
$27,000,000.00
Total Budget
$54,000,000.00
Annual Average Budget
$54,000,000.00
Financing Sources Financing Types
Public budget of Ecuador's Ministry of Agriculture and Livestock Public budget

Institutions

Institutions Institutions rols
MAG: Ministry of Agriculture and Livestock (Costa Rica) Financing-investor
MAG: Ministry of Agriculture and Livestock (Costa Rica) Execution and operation

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