Starbucks buys coffee farm in Costa Rica

December 18, 2014

Starbucks Corp. bought a coffee farm next to Poás Volcano in the province of Alajuela to expand the company’s grower-support program and allow the coffee-shop operator to purchase more coffee beans grown in an ethical fashion.

According to the Wall Street Journal, the transaction may have hovered between $5- $10 million and was closed last week.

The 240-hectare farm will help support growers and their families, while allowing Starbucks to create new blends of coffee to sell, Chief Executive Officer Howard Schultz said in a statement. Seattle-based Starbucks has committed to buying only ethically sourced coffee by 2015, The Washington Post reported.

The farm will allow development of new varieties of Starbucks coffee through hybridization (but not genetic modification) and different processing techniques that result in a unique flavored coffee, the company stated.

Starbucks, which sells fair-trade blends and reserve coffees from several countries has spent some $70 million during the past 40 years on farmer-support programs and loans.

It opened its first farmer-support center in San José, Costa Rica, in 2004 and has since opened others in Rwanda, Tanzania, Colombia and China.

Last year the company opened its first two coffee shops in Costa Rica, at malls in San José.

You may be interested

Response to disaster: aid successes, struggles in post-Maria Puerto Rico
Weather
299 views
Weather
299 views

Response to disaster: aid successes, struggles in post-Maria Puerto Rico

John McPhaul - December 13, 2017

As Costa Rica joins many other nations in looking back upon the horrendous 2017 hurricane season, longtime Tico Times contributor…

Looking back at Hurricane Maria: the initial impact
Weather
1486 views
Weather
1486 views

Looking back at Hurricane Maria: the initial impact

John McPhaul - December 12, 2017

As Costa Rica joins many other nations in looking back upon the devastating 2017 hurricane season, longtime Tico Times contributor…

Cold front claims fourth victim in Costa Rica
Weather
4097 views
Weather
4097 views

Cold front claims fourth victim in Costa Rica

Katherine Stanley - December 12, 2017

High winds claimed the life of a fourth victim in Costa Rica as the cold front that has been moving…