Blockchain in the Rice Chain
Rice, Panama's main agricultural chain, continues a clear downward trend economically, environmentally, and fiscally. Declining productivity, low producer incomes, the depletion of natural resources, rising greenhouse gas (GHG) emissions, and hefty subsidies indicate that it is not sustainable. The solution lies in correcting poor agronomic practices through the implementation of NAMAs (Nationally Appropriate Mitigation Actions). This project aims to pilot 100 producers applying NAMAs in three provinces of the country. It is co-financed by the Inter-American Development Bank Group's Innovation Lab (IDB LAB), the Inter-American Institute for Cooperation on Agriculture (IICA), and 14 public and private institutions. It seeks to reduce production costs, increase income, and reduce GHG emissions.
Main theme:
Increase profitability and reduce greenhouse gas emissions from mechanized rice producers through a pilot program with 100 producers to encourage the adoption of a precision production model. This initiative seeks the adoption of new practices and digital traceability to increase profitability from 6 cents per balboa invested to 35 cents, and irrigation from 25 cents to 75 cents, respectively, as part of the combined effect of cost reduction and increased production per hectare. It also aims to reduce GHG emissions by 40%, eliminating the emission of 5.2 tons of CO2 equivalent, which will be transformed into carbon credits as additional income for producers.
Main theme:
Main theme:
Panama
5298-00
Precipitation:
US$1,257,700.00
Region:
In progress
Application difficulty:
Main theme:
2022
SDGs impacted:
2025
Precipitation (mm):
No
Efficiency (%):
Efficiency (%):