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Analysts' views on how new Brazilian president will impact U.S. ag
Oct. 31, 2018
BrownfieldAgNews reports:
Analysts are pondering what the election of far-right politician Jair Bolsonaro as Brazil's new president might mean for that country's agricultural industry.
Bolsonaro, who reportedly established strong ties with agribusiness leaders while serving in Brazil's Congress, has pledged to lift many of Brazil's environmental regulations. Environmentalists are concerned he will remove restrictions on the deforestation of the Amazon to allow for an expansion of farmland.
Bolsonaro has also been a harsh critic of China, Brazil's largest trading partner. He has reportedly portrayed China as a predator looking to dominate key sectors of Brazil's economy.
China has been eager to bankroll railway, port and other infrastructure projects in Brazil to speed the movement of Brazilian grain. But Bolsanaro has said the Chinese should not be allowed to own Brazilian land or control key industries.
Bolsonaro won the presidency with 55 percent of the vote.
Source: Brownfield AG News
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