Agribusiness and Forestry

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Sector Profile: Agribusiness

The Government of Nicaragua has pledged its support to agriculture diversification by promoting programs and reforms intended to foster development and technology transfer, specifically in vegetable, fruit, plant and ornamental flower production and processing areas.

Nicaragua has the largest amount of suitable farming land in Central America, with 3.6 million hectares, of which less than 20% are under cultivation. Sixty percent of the country's land is covered by forests.

These characteristics combined with a long tradition in agriculture, abundant labor force and large water reserves for irrigation provide an excellent investment opportunity in this sector.

Sector Profile: Forestry

Nicaragua is a country with a great forestry potential.  The majority of the 12 million hectares of national territory, specifically 8.8 million hectares, or 73% of the national territory, is suitable for forestry development.

Abundant and available land at a competitive price, a productive labor force, skilled technical personnel and Nicaragua's strategic geographic position relative to the international market are all factors contributing to the allure of investing in the forestry sector.

Sector Profile: Beef and Dairy

Dairy and meat products are among the strongest foreign currency generating sectors of the Nicaraguan economy. Investing in the production of meat and dairy products in Nicaragua is a great opportunity due to the country's growing export market, abundant natural resources, and lengthy history of cattle ranching and meat and dairy production.

Sector Profile: Aquaculture

Nicaragua offers cost-efficient opportunities for sustainable fisheries through its continental platforms on both the Atlantic and Pacific oceans, and abundant marine resources (fish, shrimp, lobster, and other shellfish). Estuaries on the Pacific coast create ideal conditions for shrimp and fish production and export.

This sector has an estimated annual export earning potential of US$ 500 million and currently contributes over 6% of the country's exports.


 

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