Brazil Launches Ag, Livestock Investment Project for ’12-13 Crop Year

 

Brazil will invest the highest amount ever invested in the agricultural sector - $55.5 billion.  Of this amount $41.9 billion will finance the cost and marketing of crops, and $13.6 billion will support investment programs.  The plan will also cut the annual interest rate from 6.75% to 5.5% and increase the crop credit by 7.5%.  Overall the plan will cut costs to Brazilian farmers by 18.5%, giving an advantage to farmers and agricultural investors.

 

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Tags: Production Agriculture ,Developing ,South America