Brazil Increases Financial Investments in New Crop Plan

On June 29, Brazil’s national government announced its Crop Plan for the 2022-23 season. The plan, which is known as the Brazilian version of the Farm Bill, subsidizes farm investments aimed to increase productivity in the field. The amount released this year is R$340.9 billion (nearly $63.1 billion) or 36% more than what was released last year.

The subsidized interest rates account for R$195.7 billion ($36.2 billion), which is over 25% more than the previous…

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