National Institute of Price Stabilization

When INESPRE was created, its main activities were:

• Merchandising and acquisition of products directly from local producers, to intervene in the price of the market.
• Stimulate production by increasing the income of producers.
• Administrate social programs for the distribution of agricultural products.
• Regulate activities that improve the merchandising of agricultural products, and provide information to producers about the prices of the products in the institution and in the domestic and international market.

General:[4]

• Implement a transparent system of agricultural merchandising that guarantees the market stability of agricultural products.[5]

Specific:

• Reinforce the role of the institution as a coordinator and facilitator of agricultural merchandising, to help solve conflicts between interest groups.[6]
• Increase the offer of agricultural products through its Producers’ Markets (Spanish: Mercados de Productores).[7][8][9][10]
• Increase the number of Producers' Markets to supply the country with quality products at affordable prices.[11][12]
• Strengthen the market information system to guarantee that producers have clear expectations of price variations in the market.
• Improve the competitiveness of the agricultural sector through the development of a capacitation plan on better agricultural practices.[13]

During the current administration, Jorge Radhamés Zorrilla Ozuna has developed important initiatives to help local producers, consumers, and the institution which has contributed to improve the financial situation of producers, consumers, and suppliers.[14]

The new philosophy of the institution is to “offer support and services in the national agricultural system in order to improve the profitability and competitiveness of local producers as well as the purchase power of consumers, specifically those of lower income”.

The institution's functions are:[15]

• Provide agricultural producers with the necessary storage infrastructure, through loans or leases, so they can face fluctuations in the market behavior.
• Promote the creation of markets in which national agricultural producers can sell their products, benefitting themselves and consumers by diminishing intermediaries.
• Identify and promote new investment opportunities in the agricultural sector.
• Stablish capacitation centers for producers to increase their ability to manage agricultural commercialization.
• Reinforce the institution's role as a mediator in the agricultural sector, to help solve conflicts between interest groups.
• Promote the creation of packaging centers in production zones to increase the added value to agricultural production.