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MercoPress, en Español

Montevideo, April 20th 2024 - 03:47 UTC

Tag: Agriculture loans

  • Friday, June 8th 2018 - 08:25 UTC

    Brazil launches massive package of soft loans for agriculture, US$ 51.13bn

    The loans and credit lines will be accessible to producers starting July 1 and through June 30, 2019, Maggi said

    Brazil announced on Wednesday evening that it has earmarked up to 194.3 billion Reais or US$ 51.13bn in loans to promote large and medium-sized agricultural producers. At a ceremony in the capital Brasilia, President Michel Temer and his Agriculture Minister Blairo Maggi unveiled the government's “2018-19 Agriculture and Cattle Ranching Program”, which devotes slightly more resources to the sector than last year's 190.25 billion Reais (US$ 50.06 billion).

  • Tuesday, April 3rd 2018 - 08:48 UTC

    Brazil subsidized loans for the 2018/19 agriculture program will reach US$ 58bn

    The government’s farm program offers subsidized loans to finance agricultural commodities and make investments such as in silos and agricultural machinery.

    Brazil's Agriculture Ministry plans to increase funds available to finance the farm sector, an official announced, noting that a decline in inflation has allowed the government to boost funding in a country that is the world’s largest exporter of staples like soybeans and coffee.