Peru is set to expand its agricultural sector with a $24 billion investment in irrigation infrastructure, aiming to cultivate an additional one million hectares of farmland. The initiative, largely driven by public-private partnerships, will support 22 new and existing projects across the country’s coastal, highland, and Amazon regions.
Agriculture Minister Angel Manero highlighted the Trasvase Marañón project as the most significant development, valued at $7 billion, designed to transfer water from the Marañón River to the Pacific coast and irrigate over 300,000 hectares. Additional major initiatives include the $3.5 billion Chinecas project in northern Peru and the $4 billion Pampas Verdes project in the south.
Economy Minister Jose Salardi noted that over 85% of these projects will be developed through public-private collaboration, reinforcing Peru’s commitment to agricultural sustainability and economic growth. The expansion aligns with Peru’s long-term vision of increasing agricultural exports, which reached $12.8 billion last year and are projected to hit $40 billion by 2040, particularly with new opportunities in beef and pork exports to China.
Peru’s agricultural sector continues to strengthen its global market presence, with export-driven growth positioning it as a key player in the international supply chain. The government aims to make agriculture the country’s leading economic driver by 2050, surpassing the mining sector.
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