Asparagus: Peru's Success Story Essay

1533 words - 6 pages

Growing up in my country, Peru, was a formative and great learning experience because as I grew into an adult and participated in the economy, I learned how Peru’s financial system worked as a nation exporting agricultural goods. Peru’s history as a great, fertile farmland country made it a huge partner for potential buyers all around the world; these countries could take advantage of the exotic and plentiful fruit and vegetable products. During the government of Peru’s ex-president Alberto Fujimori, Peru signed the Free Trade Agreement with the United States, in 2006 and became a big exporter of goods. 3 years later, after a great turnout, Peru signed another Free Trade Agreement with China and this came to be a fruitful trade partner as well. As one can see, Peru is a fertile land with much of it’s exports coming from a rich culture of cultivation and agriculture; Asparagus is the main product that helped Peru become primary trading partners with the United States and China as well as a financial powerhouse in the world market because of a political effort to trade with bigger markets, innovative irrigation methods and a commitment to fresh goods.
As a consumer on the ground level of finances, one’s perception of what Peru exports to other countries can appear to be very limited. Since Peru is a country of culture, festivities and farming, one would assume most of what Peru exports is electronic or consumer goods like clothing, brand name items and cell-phones but the main good is Asparagus because of the many agricultural factors in Peru that led to it’s growth, despite it being a complicated crop to grow. Asparagus is a perennial plant which belongs to the lily family. The first harvest is usually two to three years after planting and if properly cared for, the harvests can last for 15 years or more. Spears from the Asparagus plant are left to grow into ferns in the first year, and nutrition and vitamins are stored in the roots. In the fall, withered ferns are cut, and the harvest starts in the spring of the next year. There are two types of asparagus: green and white; They are from the same plant, but spears of white asparagus are harvested before they receive sun light. (3) Green Asparagus is fresh and healthy while white Asparagus is the lesser crop that brings in less demand.
20 years ago, Peruvian asparagus would not be found in the isles of American supermarkets, whilst now Peru is the largest exporter of fresh asparagus bringing in most of it’s exports to primarily American buyers. Unlike most of its competitors, Peru hardly consumes any of its own produce exporting 99% of its output both fresh and processed. Only Mexico shows similar characteristics where 95% of the Asparagus is exported. Since Asparagus is native to the land, Peru has the advantage of growing the freshest and safest product that needs no type of processing or chemical preservatives. Roughly fifty percent of the Asparagus produced in Peru is green and sold fresh...

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