Items Tagged with 'Brazil'

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John Deere to Expand Factory in Southern Brazil

John Deere announced in January that it will expand its factory located in Montenegro, Rio Grande do Sul, in Brazil. The facility, which opened in 2008, employs nearly 1,000 people and makes 43 tractor models. 


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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).
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