Execution of the agricultural sector reaches 46.5% in its investment projects for 2024

 

Bogotá, D. C., (@MinAgricultura). The 42 investment projects in the agricultural sector defined for the year 2024, aimed at boosting rural areas in the country from various perspectives, have achieved an execution of 46.5% in commitments (as of June 21). This percentage corresponds to four out of the 8.58 trillion pesos allocated to the portfolio and its affiliated entities, following the resource postponement announced by the Ministry of Finance earlier this month. 

 
Information and technology for territorial planning for agricultural uses, agricultural land planning, support for the financial system in the agricultural sector, and information management for agricultural policy guidance are the three major projects of the fiscal year that have shown an average execution above 95%. 
 
In this budget execution, the Ministry of Agriculture and Rural Development reports progress exceeding 74%, represented in programs supporting the financial sector, strengthening the strategy for peasant, family, and community agriculture, promoting producer associations, and promoting initiatives for climate change adaptation and sustainability in agricultural production systems. 
 
For the Minister of Agriculture and Rural Development, Jhenifer Mojica, consolidating information around the agricultural sector is crucial for the Government's policy of Change, as it means making key data available to investors, banks, associations, and other stakeholders to determine where to focus resources. 
 
"All investments in the countryside must respond to a need, to a problem that has plagued farmers for years. It's not about spending recklessly, but about knowing where and what to invest the largest budget ever allocated to the countryside, to continue its path of economic recovery as shown so far. Having accurate data helped us, for example, to face the El Niño phenomenon without major losses to the sector and without risks of shortage. That's where the key lies in transparently managing the agricultural sector budget," detailed Mojica. 
 
The mentioned 4 trillion pesos include investment commitments for the second semester of the year, during which the country will face, according to IDEAM's forecast, a La Niña phenomenon. Additionally, the investment plans outlined respond to the guidelines of the National Development Plan 'Colombia, Power of Life'. 
 
Regarding entities, the National Land Agency reports an execution of total commitments at 32.2%, corresponding to 1.5 trillion pesos. Their management highlights include the formalization of rural properties, land formalization, and social land ownership planning. 
 
Meanwhile, the Colombian Agricultural Institute (ICA) shows a 52% execution in programs for pest and disease prevention and control in both agricultural and livestock chains. 
 
The Rural Development Agency (ADR) reports that its strategy for the administration, operation, maintenance, and conservation of land adaptation districts has achieved an execution progress of 79.9%.