AGRIBUSINESS IN NICARAGUA
Agriculture has always been of great socioeconomic significance for the country and one of its greatest growth engines. In 2015, this industry represented 43.2 percent of Nicaragua’s total exports.
MAIN AGRICULTURAL GOODS EXPORTED IN 2015
Source: Ministry of Development, Industry and Trade (MIFIC, for its acronym in Spanish), 2015.
AGRIBUSINESS INVESTORS IN NICARAGUA
To learn more about the reasons that make Nicaragua the ideal destination for agribusiness investment projects, visit our section Competitive Advantages.
MAIN INVESTMENT OPPORTUNITIES
Nicaragua's climate and abundant water resources, along with the wide availability of fertile land at competitive costs, create the ideal setting for the establishment of export-oriented agricultural production. According to the Export Supply Study conducted by the Ministry of Development, Industry, and Trade (MIFIC), the products with greatest export potential in Nicaragua are yucca or cassava, peanuts, cocoa, honey, beans, and cashews. Other products with high potential include sesame seed, pineapple, mango and guava, watermelon, onions, vegetables, and citrus.
LIVESTOCK, DAIRY AND MEAT PRODUCTION
Nicaragua has the largest cattle-raising industry in Central America. With a compound annual growth in meat exports of 13 percent and a 20 percent annual growth in milk stockpiling over the past 10 years, Nicaragua maintains its position as the main livestock, dairy, and meat producer of the region.
Nicaragua produces a great variety of raw materials that could be processed locally. Some of the products with greater potential are meat, cocoa, coffee, sugar, corn, seafood, beans, plantains, among others. The country also currently processes cookies, snacks, instant coffee, and non-carbonated, beer and rum.
Since the creation of the Conservation, Promotion and Sustainable Development of the Forestry Sector Law (Law 462) in 2003, Nicaragua has established over 28 thousand hectares of timber plantations of commercial value, such as teak, mahogany, and pine. The private sector’s plan is to achieve a critical mass of 120,000 hectares, thus, there are still plenty of investment opportunities, and the government’s support for such initiatives are evident.
Nicaragua also has thousands of underutilized hectares that are perfectly suitable for the production of forest biomass, which can be utilized as raw material for second-generation biofuels. Additionally, as part of its strategy to foster the production of biofuels, the Government of Nicaragua incorporated a special incentive into the Law for the Promotion of Energy Generation from Renewable Sources (Law 532). Likewise, the combination of Law 532 and the Tax Concertation Law (Law 822), opens new doors to project oriented to the generation of renewable energy based on forestry plantations with dendro energy purposes.
CONTACT OUR SPECIALIZED ADVISORS
Our specialized advisors in agribusiness investments can assist you during your project's entire process with complimentary services that include:
- Tailor-made information packages and research to answer general and specific questions in order to determine the project's feasibility.
- Customized presentations about agribusiness in Nicaragua, via telephone, skype or during your site visit.
- Assistance coordinating your site visits and facilitation in customized agendas that include meetings with institutions and companies relevant to your project.