| The government and brokers are launching the Market Risk Management Program, which will allow farmers to sell commodities using futures contracts, Mexican officials said. The program's goal is to stabilize farm prices in Mexico and guarantee farmers' incomes via contracts that cover prices, Finance Secretary Jose Antonio Meade and Agriculture Secretary Francisco Mayorga said.
The Agriculture Secretariat will allocate 550 million pesos (about $41 million) to provide funding for farmers, who "will be able to obtain financing of up to 5 billion pesos (some $410 million) in commercial transactions," Mayorga said...............................................Full Article: Source
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