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

Victorious Champions coach celebrates Costa Rica-style: ‘This is pura vida’
Keylor Navas
54 views
Keylor Navas
54 views

Victorious Champions coach celebrates Costa Rica-style: ‘This is pura vida’

Katherine Stanley - May 27, 2018

Costa Rican superstar goalie Keylor Navas has made his mark on the field for Real Madrid, but also on the…

5 questions for Costa Rican artist Rossella Matamoros
Weekend Arts Spotlight
55 views
Weekend Arts Spotlight
55 views

5 questions for Costa Rican artist Rossella Matamoros

Elizabeth Lang - May 27, 2018

Using art in all its possible expressions has motivated Rossella Matamoros for more than two decades. At home in Costa Rica…

Costa Rica’s Keylor Navas, Real Madrid nab third consecutive Champions title
Keylor Navas
155 views
Keylor Navas
155 views

Costa Rica’s Keylor Navas, Real Madrid nab third consecutive Champions title

Katherine Stanley - May 26, 2018

Costa Rica's star goalie, Keylor Navas, continued his historic march through world football as his club team, Real Madrid, won…