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Archive for the ‘boquete’ Category

The demand for expensive gourmet coffee, as well as the high real estate prices in and around Boquete has forced some coffee growers in Chiriqui to encroach on protected park land. The ‘geisha’ coffee varietal, which is grown in the highlands near the border between Panama and Costa Rica, is considered to be the ‘champagne’ of coffee beans, with some growers fetching up to $130 per pound wholesale. A recent article published by Reuters says that while the current encroachment into Volcan Baru National Park is a relatively small fraction of the large park, the plantations threaten local biodiversity, a threat that is likely to increase given the high demand in North America for specialty coffees, and the rising real estate prices in the lower elevation areas of Chiriqui.

Traditional coffee farms operate under a canopy of trees, which can provide refuge for birds and animals, as well as supply the farmer with supplemental fruits and other beneficial products

From an environmental standpoint, coffee can be a tough issue to grapple with. As one of the most important agricultural commodities, it has a huge impact on many people, from the growers in Central America, Africa and Indonesia, to the Barista that pulled the shot of espresso for your latte this morning. It also has a major impact on wildlife. Large commercial coffee plantations, or sun plantations, often clear-cut habitat that would otherwise be the home of thousands of organisms, including many familiar bird species that migrate to North America in the summer.

Yet coffee trees are naturally shade loving plants, and shade grown coffee beans are naturally superior in taste to their sun grown brethren. Traditional coffee farms operate under a canopy of trees, which can provide refuge for birds and animals, as well as supply the farmer with supplemental fruits and other beneficial products. Many farmers in Central America still grow coffee in this manner, including many of those that produce the highest quality beans in Panama.

Regrettably it can be extremely difficult for consumers to differentiate between the ‘good’ coffee, and the ‘bad’ coffee. One of the most useful ways is to seek out coffee that is certified by a third party as shade grown, organic, and/or fair trade (and example being the Smithsonian Migratory Bird Center’s “Bird Friendly” label). Unfortunately not all certification processes are equal (the Rainforest Alliance’s certification has lower standards than Smithsonian), not all uncertified products are bad (as the certification process can be expensive and prohibitive to small scale farmers) and coffee that is certified organic is not necessarily shade grown or fair trade, and vice-versa.

The take home message from all of this is, as consumers, simply to be cognizant of where your coffee comes from, and what potential impact it may have on the people that produce it, and the wildlife that is affected by it. In addition to this, as real estate investors in Panama, it is important to be aware of the effects that higher real estate can have on local farmers. Invest in the local community, in local farms, and by purchasing sustainably grown local products.

For more information on shade-grown coffee, visit Seattle Audubon’s Shade Coffee Campaign website.

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Located in the highlands of western Panama, Boquete, Chiriqui is one of the most popular destinations in the country for North American expatriates and retirees. The Boquete Panama Guide is a blog written by an American couple that relocated to Boquete in 2006 from Arizona, and describes their experiences living in the region. The blog provides an interesting look at life living as expatriates in Panama, and discusses a variety of different topics, including casual reviews of local restaurants and businesses, as well as discussion of local events and politics in Panama.

An interesting post this week discussed medical care in Panama in comparison to the United States, which is an important topic for many people interested in investing in real estate in Panama. The post described an email conversation between the author and a reader regarding benefits of seeking medical care overseas in the form of medical tourism. The following describes an experience at the Punta Pacifica hospital in Panama City:

Punta Pacifica in Panama City is not a health clinic it is a world class hospital affiliated with John Hopkins.

1. Punta Pacifica was the finest hospital I have ever been in
2. The doctors who were graduates of University of Panama also did their post grad work in either the US or canada and most were US certified. I know from the clearly forged certificates hanging in their offices, the excellent English spoken and the conversations ahd back and forth with John Hopkins who is affiliated with Punta Pacifica.
3. The nursing staff was not over stresses, overloaded nor distracted, my wife had a nurse with her at all times that I was not there.
4. Doctors were in to see her everyday, I had cell phone and home phone numbers for the doctors and amazing when I called they answered.

Other posts include descriptions of popular eateries in and around Boquete, as well as current events such as the recent wave of Boquete police officers demanding immigration papers from tourists visiting the area. The Boquete Panama Guide provides an interesting look at life in Boquete, and is a particularly useful resource for people interesting in moving to Boquete, as well as investors interested in buying property in the area.

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A recent article stated that a coffee varietal known as Panama Esmeralda Especial Reserva is currently fetching $15 a cup at some United States coffee shops.  The coffee, which is available at several locations near Portland, Oregon, is an extremely rare bean called a geisha varietal, and is highly regarded by coffee connoisseurs.  According to one website, the bean is grown in Boquete, Panama, a region known for producing high quality coffee beans, and has consistently won taste competitions in Panama since its introduction.  The bean is praised for its complex flavor structure, which according to a local roaster exhibits hints of “clementine, key lime, papaya, mango, bergamot, all spice, and high percentage cacao, with a champagne grape finish.”  The bean is available in half pound bags that retail in the United States for $100, and make about 8 cups of coffee.

Unfortunately, the current state of the US economy may make it difficult for such an expensive product to remain appealing once the novelty wears off.  Regardless of this, the high price point for exotic coffee advances Panama’s position, especially the Boquete region, as an established producer of smaller batched high quality coffee beans on the world market.

Sources:
Coffee shop sells coffee for $15 a cup (Kare11.com)

Stumptown Coffee Roasters

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Mr. Taliaferro’s Panama Investor Blog is one of the more established and trustworthy real estate investment blogs on Panama. The blog is updated daily with the latest news on politics, economics and business, as well as with updates on upcoming real estate development projects across the country. The author often paraphrases interesting articles from Spanish language newspapers, such as La Prensa, which can be very helpful for English speaking readers. His posts are informative, diverse, and a great resource for anyone interested in making a real estate investment in Panama.

According to his site, Sam Taliaferro is an American expatriate and real estate developer whose Valle Escondido was one of the earliest and most successful residential resort communities in Boquete, Panama. His development has attracted the likes of Sean Connery and Mel Gibson, whom he reportedly had the opportunity to play poker with.

The articles Mr. Taliaferro reviews are great resources on Panama investment news, and his site is one of the best out there for Panama real estate investors.

While many of the posts on the Panama Investor Blog are brief overviews of news articles, Mr. Taliferro’s breadth and experience tends to comes out the most in his opinion articles. Unsurprisingly (given the Mises Institute and Ayn Rand links on his site), the author has a bit of a libertarian bias in his writing style. Fortunately Mr. Taliaferro does a good job at keeping of keeping his posts relatively balanced, and the political flavor of his them often gives the blog a much more personal flavor. Regardless of your political beliefs the articles Mr. Taliaferro reviews are great resources on Panama investment news, and his site is one of the best out there for Panama real estate investors.

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Richard Detrich’s blog provides an interesting look at the American expatriate life in Panama, specifically living in Boquete. After scouring the internet for interesting blogs on Panama, Mr. Detrich’s blog is a refreshingly honest look at life in Panama, amid a veritable wasteland of commercial and spam filled sites. According to his site, Mr. Detrich is an ordained minister and retired businessman who relocated to Panama with his wife. He often writes about his day to day experiences living in Boquete, as well as his experience owning and operating a small shade coffee plantation in the mountains. His blog is varied and eclectic, with posts on Panama politics and history, photographs of wild orchids, and stories of gruesome battles between spiders and scorpions in his laundry room.

For anyone interested in buying property, building a house in Boquete, or is looking for advice on investing in Panamanian coffee, Mr. Detrich’s Boquete Blog is a valuable resource.

Reading Mr. Detrich’s blog is especially useful for investors interested in Boquete, but also provides general insight for real estate investments elsewhere in Panama. One particularly useful page on his site is an extensive Q&A section that answers many questions people may have about buying property and living in Panama. Some of the questions addressed include “how isolated is Boquete from the rest of the world?”, “Are foreigners allowed to own property?”, and “how is banking in Panama different than in the United States?” For anyone interested in buying property, building a house in Boquete, or is looking for advice on investing in Panamanian coffee, Mr. Detrich’s Boquete Blog is a valuable resource.

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The city of Boquete, in the mountainous region of western Panama, has become a choice location for North American’s interested in real estate investment abroad, primarily due to its ideal climate and eco-tourism hotspots. The city is in the Chiriqui Province on the western coast of Panama, and borders Costa Rica to the north. Located 1,000 meters above sea level, Boquete has a unique microclimate, often making it ten degrees cooler than the sweltering lowlands of Panama. A popular locale for United States and Canadian retirees, Boquete is rapidly attracting a younger population as the real estate market becomes more popular.

Boquete offers much to individuals interested in pursuing outdoor activities such as hiking, fishing, white water rafting, rock climbing and bird watching. The variation in elevation provides habitat for a multitude of bird species, including quetzals, toucans and parrots. Tours of nearby coffee plantations are available, including tastings (“cuppings” as they are referred to by coffee aficionados) of the local brew, and treetop ziplines are available for the more adventurous travellers. When travelers become weary of the outdoor lifestyle, David, the third largest city in Panama and capital of Chiriqui is a short drive away.

A recent article in the New York Times described Boquete as an ideal alternative to more expensive homes on the coast. The December 2007 article states that “mountain property in Panama is much less expensive than the coast and offers lush tropical landscapes, albeit without the sandy beaches. A new three-bedroom house with 225 square meters (2,400 square feet) of living space in Boquete, an area in the north popular with expatriates, sells for around $265,000.” With currency linked to the US dollar, and many locals speaking English, Panama looks to be an ideal place to invest in real estate abroad.

sources:

In Panama, a Home in the Mountains (Nytimes.com)

Americans discover Boquete, Panama (Dallasnews.com)

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