Brazil Launches Machinery Funding Bill

In early June, Brazil launched its package of farm subsidies funding bill, which is known mostly for its loans to machinery purchases and known locally as the Crop Plan. For the 2020-21 crop season, starting in July of this year, the Brazilian government increased the total budget for the program by 6.1%, which accounts for R$236.3 billion (nearly $44.2 billion). Of that, R$57 billion ($10.6 billion) will be used on subsidized loans for agricultural machinery…

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