The Agricultural Development Bank has $14 million to use for financing the purchase of livestock and bulls created through artificial insemination, with an interest rate of 2%, a term of 15 years and with collateral.

The Ministry of Agricultural Development (MIDA) reported that the goal of this financing is to repopulate male and female livestocks, and also seeks “ … to ensure that livestock acquired through soft loans, by state banks are in excellent reproductive conditions in the case of males and in terms of gestation for females.“

From a statement issued by the MIDA:

The MIDA, together with the Agricultural Development Bank (BDA), officially launched a differentiated loan for beef cattle in the country, within the framework of the Sustainable Development Project for Bovine Cattle Livestock of Panama and its component number 1 called: Repopulation of livestock: male and female.

This component consists of the financing for male livestock, bulls born from artificial insemination or embryo transfer, with an interest of 2%, with a term of 15 years and with collateral.