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Essay / Research Paper Abstract
5 pages. The coffee and banana crops are very important to Costa Rica's economy. This paper gives a detailed look at these two important products from Costa Rica, their current importance in the area economy, and how the success or failure of these crops can affect the people of Costa Rica. Further explanation is given as to how events outside of Costa Rica can influence the market on both coffee and bananas. Bibliography lists 4 sources.
Page Count:
5 pages (~225 words per page)
File: D0_JGAbnana.rtf
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the area economy, and how the success or failure of these crops can affect the people of Costa Rica. Further explanation is given as to how events outside of
Costa Rica can influence the market on both coffee and bananas. COFFEE: BLACK GOLD FOR COSTA RICA Many people think that the main crop of Costa Rica is its
coffee but that actually is not so. Bananas and textiles are much more important as far as money crops, but coffee is very important to the employment of Costa
Ricans. More than 80,000 farmers "depend on coffee for a living"1 says Ronald Peters, vice-president of Peters & Co. S.A. in San Jose. When coffee comes in at
a low price as it did in 2001, sometimes the income does not even meet the cost of production. The year 2001 saw record low coffee prices, although the
specialty coffees do bring in a far better income. Fortunately these specialty coffees were sold at a good enough prices that they made up for the loss on the
production end. Currently Costa Rica is looking to increase the amount of gourmet coffees it exports. If they cannot do that the country might not be able to survive
the crisis that "threatens to drive much of Central America out of the coffee business". ? When coffee prices are exceedingly low Costa Rica gets assistance from the state fund
entitled FoneCafe. The subsidy payments are sometimes up to $15 per 46-kg bag of coffee. This cannot continue indefinitely however, and the coffee producers know that. The
coffee producers are striving to stay in business but unfortunately the low prices will see many of the smaller farmers forced to quit. "The big exporters who buy from
...