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Brazil Boosts Investment in Agriculture by 12% to US$ 40 Billion

A sugarcane plant in Brazil In the next few days Brazil is expected to announce the country's annual investment plan in support for agriculture and livestock. which is estimated to increase 12% totaling in the region of US$ 40 billion, said Brazilian Agriculture Minister, Reinhold Stephanes.

The figure was decided last week following a final meeting with Brazilian President, Luiz Lula da Silva, and will be applicable to the 2008/09 harvest season.

Stephanes underlined that in the 40 years he's been linked or working for the Brazilian federal government he had never come across such a "consensus" among all government offices and agencies as to the promotion of investments in agriculture.

"In the past we would have a lot of conflicts with different federal offices pulling or lobbying for their interests, not this time," he said.

The official announcement should take place next July 2 when the agriculture and livestock plan for 2008/09 is officially announced.

Among the different projects included is one for the recovery of pastures and degraded soils to be addressed with soft loans, bearing an interest rate no higher than the inflation.

The annual package extends from actual production to marketing, ample credits for small farmers and an insurance system to reduce the risks of climate change.

Brazil is one of the world's leading agriculture powers and agribusiness represents the equivalent of 25% of the country's GDP, which in 2007 was approximately US$ 390 billion. Brazil is a leading exporter of soybeans, beef, poultry, hogs, coffee, tropical fruit, orange juice, sugar and ethanol from sugar cane.

Farm exports in the first five months of the year have reached the record sum of US$ 27 billion in spite of the constant appreciation of the Brazilian currency against the American dollar, which has an impact in domestic costs.

Mercopress

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  • João da Silva

    Ch.c
    I don’t want to interfere while you are lecturing and without meaning to offend you I would like to respond to your question:

    [quote]Did Stephanes went to the same SP University.[/quote]

    No, he got his degree from UFPR:

    [quote]O deputado federal Reinhold Stephanes estÀƒ¡ com 67 anos, nascido em Porto UniÀƒ£o (SC) em 13 de agosto de 1939. Filho de pequenos produtores rurais, o polÀƒ­tico Àƒ© formado em Economia pela Universidade Federal do ParanÀƒ¡ (UFPR) e especializado em AdministraÀƒ§Àƒ£o PÀƒºblica, na Alemanha, e em Desenvolvimento EconÀƒ´mico, pela CEPAL/ONU. Stephanes trabalhou no MinistÀƒ©rio da Agricultura durante oito anos, no inÀƒ­cio dos anos 70, e foi SecretÀƒ¡rio da Agricultura do ParanÀƒ¡ de 1979 a 1981.[/quote]

    He has been to Germany to study “Pubic Administration” which I think is a plus for a Minister of his caliber. He has good pubic record and is contributing to the well being of all the Brazilians. A great pubic servant. So quit comparing him with the SP university.

    BUT.. BUT..BUT, there are plenty of our current (and ex) ministers who got their degrees from SP university. Your buddy D.Neto is one of them!!!

    btw, UNICAMP is another learning institution of high repute and their graduates are doing a great job 😉

  • ch.c.

    “the record sum of US$ 27 billion in spite of the constant appreciation of the Brazilian currency against the American dollar”
    NOT…..IN SPITE !!!!
    iT IS NORMAL since you measure your performance in US$ !
    And your import prices ARE DOWN ……due to the rise of the APPRECIATION OF THE BRAZILIAN CURRENCY !!!!!

    furthermore your TOTAL GDP FOR 2007 was NOT 4 TIMES US$ 390 BILLION…OR US$ 1’560 BILLION !!!!!!!!!!!!!!

    PURE LIE…..AS USUAL !

    As per CIA worldfactbook : US$ 1’314 billion

    As per http://www.state.gov/r/pa/ei/bgn/35640.htm
    Economy (2007) GDP: $1.269 trillion (official exchange rate).

    As per http://www.economist.com/countries/Brazil/profile.cfm?folder=Profile-FactSheet
    GDP (US$ bn; market exchange rate) 1,313.7

    As per http://www.exxun.com/Brazil/e_ec.html
    GDP (official exchange rate): $1.314 trillion (2007 est.)

    As per http://en.wikipedia.org/wiki/Brazil
    GDP (nominal) 2007 estimate
    – Total USD 1,313 trillion (10th)
    – Per capita USD 6,842 (61st)

    Did Stephanes went to the same SP University….as Lula ??????????????? Smile

    For Agribusiness only
    Brazil’s agribusiness GDP reached a record high of 611.8 billion reais (359.8 billion U.S. dollars) in 2007, up 7.89 percent from 2006, the National Agriculture and Livestock Confederation said on Wednesday March 20
    Funny and Phony numbers…from YOUR Agricultural Minister Reinhold Stephanes. !!!!!!!!!!!

  • ch.c.

    ?????????????????????????????????
    “Brazil is expected to announce the country’s annual investment plan in support for agriculture and livestock. which is estimated to increase 12% totaling in the region of US$ 40 billion”

    That is quite a lot when compared to developed nations on a GDP comparison !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Are you NOT against agricultural subsidizes ?
    Have you not lied AND SHOUTED until you got a blue face….that Brazil DOESNT SUBSIDIZES ITS AGRICULTURE ???????????????????????????

    Well now YOU have it ALL…..and most probably understated since you cheat, lie and hide…..permanenetly !!!!!!!!!!!!!!!!!!!!!!

    Prove me wrong if you can….FOR ONCE !!!!!!!!!!

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