AreaBrazil

Commodity GroupGrains

CommodityMaize and Sorghum

Date29/04/2021

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionApproved a new credit and marketing support mechanism to encourage the expansion of maize and sorghum production. The funding limit per producer for maize was increased from BRL 3 million (USD 565 000) to BRL 4 million (USD 753 000). Additional support measures under the Financing for Guarantee of Prices to the Producer for the acquisition of maize are capped at BRL 65 million (USD 12.2 million) per beneficiary. These measures will enter into force on 1 July 2021.