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Country Highlights

Dominica Republic and its Agriculture Industry

Dominica Republic – Agriculture has long played an important role in the Dominican Republic’s economy and culture. According to recent government statistics, the agricultural sector contributed approximately 131.8 billion Dominican pesos to GDP as of June 2020. Its share of total value added has also been increasing, reaching 5.79% in 2022.

The country of Dominica Republic has ideal tropical conditions for cultivating a variety of crops. Major agricultural exports include sugarcane, coffee, cocoa, tobacco, and plantains. Sugarcane in particular is a staple crop, with the country producing over 4 million metric tons annually. This raw cane is processed into refined sugar, molasses, and rum. Coffee and cacao are also significant export earners, with the Dominican Republic among the top global producers.

The country has increased its specialization in food processing, with food processing now constituting 41% of overall agro-food value-added. Agricultural activities account for 58% of overall agro-food value-added. While the sector faces challenges like small farm sizes and lack of access to resources, there are opportunities for growth through expanding market opportunities for small farmers and promoting sustainable practices.

Looking ahead, the agricultural production value is forecast to grow substantially in coming years. Projections estimate the sector will reach $16.5 billion by 2026, expanding at an average annual rate of 3.5%. To realize this potential, investments are being made to modernize infrastructure, improve irrigation systems, and develop supply chain logistics. Younger generations of farmers are also adopting innovative techniques to increase yields in a sustainable manner.

As a consulting firm with global expertise in agriculture, Ruskin Felix Consulting can provide valuable support services to stakeholders across the value chain. RFC’s team of specialists has deep experience advising on topics like land management, crop diversification, export market development, and financing options for small-scale producers. By conducting feasibility studies and developing strategic growth plans, RFC can help unlock new opportunities for agricultural investment and job creation in rural communities. Overall, working with RFC will help strengthen food security and further economic development throughout the Dominican Republic.

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Understand the macroeconomic situations that affect the global positioning of countries.

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Featured Reports

Understand the macroeconomic situations that affect the global positioning of countries.

Businesses can better understand how chatbots can advocate their vision.

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