Starbucks Coffee Co. (SBUX) announced Tuesday that it has signed an agreement to acquire the Costa Rican farm through a subsidiary of Starbucks Coffee Trading Company. The terms of the purchase are not being disclosed and upon final closing in May, Starbucks will immediately begin evolving the location into a research and development facility.
The company noted that it is expanding the company's $70 million comprehensive ethical sourcing program with a new farming research and development center in Costa Rica. These programs are part of Starbucks ongoing billion-dollar commitment to ethically sourcing 100 percent of its coffee by 2015.
The company said it will adapt this active 240-hectarefarm located on the slopes of the Poas Volcano into a global agronomy center. The work happening on this farm will enable the company to expand its Coffee and Farming Equity practices (C.A.F.E.).
Over the past 40 years, the company has invested more than $70 million in collaborative farmer programs and activities, which include C.A.F.E. practices, farmer support centers, farmer loans and forest carbon projects.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.