Area
Brazil
Commodity Group
Oilseeds, oils and meals
Commodity
All crops, livestock
Date
01/06/2018
Policy Category
Production
Policy Instrument
Agricultural policy
Description
Presented the agricultural support programme for 2018/19, which envisages an increase in outlays for: i) farm loans (including a reduction in concessional interest rates and increased attention to: investments in on-farm grain storage, low carbon agriculture, livestock/aquaculture); ii) marketing support programmes; and iii) crop insurance schemes.
Notes
The Brazilian Government presented its agricultural support programmes for 2018/19. The package envisages an increase in outlays for the following schemes: i) farm loans (including a downward correction in concessional interest rates and greater attention to: investments in on-farm grain storage, low carbon agriculture and the livestock/aquaculture sector); ii) marketing support programmes; and iii) crop insurance systems. The soybean minimum reference price to be used under the Governments income protection programmes has been raised by 2.4 percent to BRL 36.84 per 60 kg (USD 157 per tonne), which compares to an average increase across entitled commodities of 6.5 percent.
