nav Searchuser
Maxunitech Inc.
Beijing Multigrass Formulation Co., Ltd.

Brazilian farmers to get $6 billion in financingqrcode

Jun. 9, 2016

Favorites Print
Jun. 9, 2016
The Brazilian government is tackling its economic recession by offering the country’s farmers and ranchers $8 billion in financing.
The program, which begins July 1, is intended to spur spending and investment in the agricultural sector. The government hopes farmers and ranchers will use the credit to purchase big-ticket items like farm machinery, which has seen softening demand due to low crop prices and other factors.
At John Deere, for example, “in South America, industry sales of tractors and combines are projected to be down 15% to 20% mainly as a result of economic and political concerns in Brazil," according to Deere’s second-quarter earnings release. 

Source: AgWeb

Picture 0/1200

More from AgroNews


Annual Review 2019 2019 CRO & CRAO Manual
2019 Market Insight Chinese issue of 2019 Market Insight
2019 India Pesticide Suppliers Guide 2019 Biologicals Special
Subscribe Comment


Subscribe Email: *
Mobile Number:  


Picture 0/1200

Subscribe to daily email alerts of AgroNews.