A total of 640 corn producers from the regions of O’Higgins, Maule, Ñuble and Biobío subscribed more than 42 thousand tons of production to the Corn Price Coverage Program, an initiative of the Agricultural Development Institute (Indap) that was resumed following three suspended for years and is intended to compensate for the falls in the price of this cereal.

Once the registration period has ended, which was extended until January 5, the instrument will allow a minimum price of 441,913 quintals of corn to be safeguarded, equivalent to almost 42,000 tons, produced in 2,883 hectares, which is equivalent to 400 national stadiums.

“Corn Price Hedging is a risk transfer tool that Indap has for corn growers from O’Higgins to Biobío, the four main producing areas of this important cereal. In this way, we protect farmers from possible adverse fluctuations in prices, for which reference we observe the prices on the Chicago Stock Exchange. For this season, as Indap, we have arranged a total of $250 million,” indicated the national director of Indap, Santiago Rojas.

Among the requirements to qualify for this benefit, it was considered to have a maximum surface area of ​​12 hectares and a maximum yield per hectare of 160 quintals.